Pre-open:
Bonds drop as the seesaw around TNX 4% continues. Resistance is currently at 3.97%, 10 dma. Watch oil support at 134/135. Pending home sales at 10.
June 9 (Bloomberg) -- The worst two months for the U.S. Treasury market since 2004 failed to turn two of Wall Street's biggest bulls into bears, and history suggests they may be right.
Bonds drop as the seesaw around TNX 4% continues. Resistance is currently at 3.97%, 10 dma. Watch oil support at 134/135. Pending home sales at 10.
June 9 (Bloomberg) -- The worst two months for the U.S. Treasury market since 2004 failed to turn two of Wall Street's biggest bulls into bears, and history suggests they may be right.
While Barclays Plc says faster inflation means more ``carnage'' is in store for the fixed-income market after U.S. debt lost 2.89 percent in April and May, Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. predict a rally in two- year Treasury notes.
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on Monday, June 09, 2008 at 6/09/2008 08:50:00 AM.
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