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

Financials: Mar. Bonds are currently 5 lower at 145'18 and the 10 Yr. Note 3 lower at 132'02.0. This morning: Weekly Jobless Claims were up 10,000 vs. an estimate for an increase of 1,000. ADP Private Sector Jobs Report showed an increase in private sector jobs of 215,000 for December vs. estimates of an increase of 150,000. Since my last "Report" congress has passed a tax bill raising taxes for those earning more than $400,00.00 rallying equities and pushing the Bond market 2'00 lower than my last letter dated Dec. 27th. Yield on the 30 Yr. is now approaching 3'0% an area where the market has supported several times since last April in the 144'00 area. I will be looking to start trading from the long side on breaks below the 144'20 level if the market allows.

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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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