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Friday, November 17, 2006

Treasury Futures End on A Up Note

Treasury futures ended the week on an up-note, as a disappointingly weak US housing starts figure coupled with a benign CPI and PPI for October, gave bulls a reason to support the market. Traders are beginning to believe that the Federal Reserve will be forced to cut interest rates early in 2007, with concerns about a weak US economy overcoming issues of rising inflation. Read More....