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Reply #64: 1pm numbers and blather [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 12:03 PM
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64. 1pm numbers and blather
1:03
Dow 11,109.72 +33.70 (+0.30%)
Nasdaq 2,281.45 +14.42 (+0.64%)
S&P 500 1,290.39 +6.26 (+0.49%)
10-Yr Bond 46.96 -0.79 (-1.65%)

NYSE Volume 1,108,383,000
Nasdaq Volume 1,045,245,000

12:30 pm : The yield on the 10-year continues to ease - it's now at 4.69%. The stock market continues to demonstrate relief over today's declines in borrowing costs. Treasuries were oversold heading into the session, and some relative disappointments on the economic front helped spur the correction. Volume is strong, and suggests that there is conviction behind the improvement. The long-end of the curve is faring especially well - with the 30-year up 29 ticks and down to a 4.70% yield. With respect to the two-ten year yield curve, it is presently out of inversion. The two-year (+03/32) is yielding 4.67%, below the 10-year's yield. As mentioned earlier, Thursday's CPI report is a potential catalyst. Much attention will rest on the core read, which is expected to reflect a 0.2% rise.DJ30 +31.46 NASDAQ +11.97 SP500 +5.68 NASDAQ Dec/Adv/Vol 1191/1700/922.9 mln NYSE Dec/Adv/Vol 1100/2007/662.6 mln
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