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Tuesday, July 18, 2006

Calm Before The Storm

Calm before the storm? Treasury bond futures have been as exciting as watching paint dry, as prices have been stuck in a 3-point range since early April. Conflicting economic signals and Middle East tensions have traders conflicted as to the ultimate direction for interest rates. This week holds several economic reports, as well as Federal Reserve Chairman Ben Bernanke speaking before the Senate that may hold clues to where rates are headed. Read More....