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Tuesday, October 17, 2006

Ten-Year Notes Near Turning Point?

Ten-year notes near turning point? The Treasury complex rally stopped dead in its tracks earlier this month, as a surprise upward revision in September payrolls took the notion of a possible rate cut by the Federal Reserve this year out of traders' minds. December Ten-year note futures plunged nearly 2-full points since the report, as speculators moved out of fixed income and into a booming US stock market. Read More....