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

Financials: June Bonds are currently 12 lower at 142'15 and the 10 Yr. Note 5 lower at 131'02. Yesterdays ADP Private Sector Jobs Report showed an increase of 198,000 jobs vs. expectations of 175,000. This mornings Weekly Jobless Claims Report showed a decline of 7,000 vs expectations for an increase of 3,000. Trade balance showed -44.45 billion dollars vs. expectations of 43.00 billion. Estimates for tomorrow mornings Monthly Employment are for an increase in non-farm payrolls of 160-170,000. Near term support of 143'05 has been penetrated. I recommend taking profits on all long 10 Yr. Note/short Bonds or long 5 Yr. Note/ short 10 Yr. Note spreads. If you are long out of the money puts and/or put spreads, hold.

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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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