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

Financials: Mar. Bonds are currently 9 lower at 147'06 and the 10 Yr. Note 2 lower at 132'14. We are currently on the sidelines. Given the uncertainty of new tax regulation, debt ceiling, budget and other components of the "fiscal cliff" coming in 5 days, I'm unwilling to predict direction in the short term. Every time I see the market have a substantial break I must remind myself of Fed policy to keep rates low throughout 2013-2014 and operation twist which will see the fed purchasing 40-85 billion dollars worth of 6-30 year treasuries over the next few months. For the long term I remain somewhat negative on Bonds and 10 Year Notes and will continue to be a seller when I see yields under the 2.65 rate for the 30 Year Bond and under 1.55% for the 10 Yr. Note.

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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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