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Financials: Sept. Bonds are currently 16 lower at 138’14, 10 Yr. Notes 13 lower at 124’31 and 5 Yr. Notes 9 lower at 118’28’. GDP for 2nd quarter was up 4.0% better than the expected +3.0%. 1st quarter was revised to -2.1%. ADP private sector jobs report showed an estimated increase of 218K vs. a [...]

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This is the favorite time of year for Chicago sports fans for many reasons. It is the start of training camp for Da Bearssss. This is in part due to Chicago fans undying love for the Bears but also largely in part to the fact that our “professional” baseball teams, the Sox and Cubs are [...]

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Financials: Sept. Bonds are currently 6 lower at 138’`5, 10 Yr. Notes 4 lower at 125’05 and 5 Yr. Notes 2.5 lower at 119’03. This will be a busy week for release of economic data, the most important of which will GDP on Wed., FOMC on Wed. and the Monthly Jobs Report on Fri. I [...]

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I like to compare the prices of different proteins, beef, pork, poultry and fish. Everyone is aware of the recent price surges of beef and pork, in particular, and the reasons why their supply has been curtailed. A normal reaction to these supply disruptions would be a rapid expansion of the U.S. chicken flock. That [...]

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Financials: Sept. Bonds are currently 14 higher at 138’10, 10 Yr. Notes 3.5 higher at 125’05 and 5 Yr. Notes 1.2 higher at 119’02.7. Yesterday’s positive weekly Jobless Claims number (20,000 less than expected) took the Bonds down to the 137’28 level (Thurs. close) only to rally partially back to present levels after the release [...]

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Financials: Sept. Bonds are currently 5 higher at 138’23, 10 Yr. Notes 3 higher at 125’16 and the 5 Yr. Notes 2.5 higher at 119’10.2. Lack of any news or relief of Global tensions are keeping these markets in a tight range for the moment. We remain soread long 10 YR. Notes/short Bonds from the [...]

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Financials: Sept. Bonds are currently 8 higher at 138’10, 10 Yr. Notes 1 higher at 125’10.5 and 5 Yr. Notes 0.5 lower at 119’05.5. Global tensions (Ukraine, Israel, Iraq, etc.) are providing underlying support to these markets at the moment. On Friday recommended the long 10 Yr./short Bond spread around the 12’16 area and once [...]

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This week’s letter will break with tradition slightly. Whereas I usually give a preview and forecast for the coming week, this letter will focus on markets to keep an eye on for the next few months through the end of the quarter. I will be listing each based on the being a buy, sell or [...]

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Financials: Sept. Bonds are currently 1 higher at 136’30, 10 Yr. Notes unchanged at 124’31 and 5 Yr. Notes fractionally lower at 119’05.7. Retail sales this morning were slightly disappointing rising 0.2% vs. average expectations of an increase of 0.6%. NY Fed Manufacturing Index was better than expected at 25.6 vs. June’s 19.28. The result [...]

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General Comments: Near the end of June this year, Peter Schiff wrote a blog titled “The Bond Trap”. A story the Financial Times prompted his blog, stating that “some Fed officials would like to require retail owners of bond mutual funds to pay an exit fee to liquidate their positions. Federal Reserve Governor Jeremy Stein [...]

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Financials: Sept. Bonds are currently 24 higher at 137’22, 10 Year Notes 15 higher at 125’14 and 5 Yr. Notes 10.5 higher at 119’15.5. Eurodollar futures are 2-8 higher with deferred contracts out pacing nearby contracts. Concerns over a possible failure of Portugal’s Banco Espirito Santo and renewed Mid-East tensions have pushed these markets higher [...]

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The Nemenoff Report 7/8/14

On July 8, 2014 - 8:53 AM By

Financials: Sept. Bonds are currently 13 higher at 136’03, 10 Yr. Notes 7.5 higher at 124’20 and 5 Yr. Notes 4.2 higher at 119’00. The 134’08 support level in Bonds has held with the recent low being 134’11, levels from which we had recommended trading from the long side of the market. We are now [...]

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