The Nemenoff Report Bonds Lower, S&P's higher, Silver Higher
Financials: Sept. Bonds are currently 3 lower at 150'16 and the 10 Yr. Note 2 lower at 134'15.5. Continued "flight to quality (safety)"have pushed yields down on longer term instruments. Denmark, Finland and Germany now have negative interest rates on short term instruments. I continue to have a neutral bias on Bonds at the moment but will change my bias to negative as we approach long term resistance in the 152'00 to 153'00 areas.
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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.