The Nemenoff Report Bonds Higher, S&P's Lower, Silver Lower

Financials: June Bonds are currently 8 higher at 144'22 and the 10 Yr. Notes 4 higher at 132'03.5. Over the last 2 days Italian Bonds have held firmer than expected, however European unemployment was a bit higher than expected keeping U.S. treasuries firm. This morning the ADP private sector jobs report showed an increase of 158,000 non-farm jobs vs. expectations of 192,000. Last months report was revised upward by 37,000 making the Report somewhat neutral. I remain on the sidelines. For the near term both support and resistance have risen slightly. Near term support is now 143'18 and resistance 145'05.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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