Credit: Shutterstock photoFinancials: June Bonds are currently 21 lower at 140'29 and the 10 Yr. Notes 9 lower at 130'06.0. This mornings Weekly Jobless Claims showed a decline of 10,000 vs. expectations of a slight increase. PPI was right in line with expectations showing an increase for Feb. of 0.7%. We are flat coming in this morning with a neutral bias. Treat as a trading affair between 140'20 and 142'26. I feel at this point in time that the Bonds are oversold and prefer to trade from the long side for short term trades.
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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.
