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The US deficit far exceeded expectations, but the 'long US bond' trade still returned.
The trading of US bonds that leaned long in the past week has rebounded significantly. According to a JPMorgan bond customer survey, in the week ended June 17th, the long position of US bonds rose by 6 percentage points, pushing the net long position to the highest level since May 20th. The overnight weaker retail data further fueled the rise in US bond prices and diving yields.
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The S&P 500 and Nasdaq resumed their rally to fresh all-time highs, buoyed by gains in tech giants Apple and Microsoft.
Slowing U.S. Inflation Expected to Open Up Opportunities in Bond Markets
0658 GMT - Slowing U.S. inflation is likely to coincide with a broader pullback in U.S. economic growth, and the Federal Reserve's anticipated rate-cut time frame highlights potential fixed-income opp
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Morning mooers! It is Friday, June 7th, the market is lower after jobs data came in too high from the month of May.
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Morning mooers! It is Thursday, June 6th, the market is pulling back a bit from all time highs hit three minutes before the market closed yesterday.
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Morning mooers! It is Wednesday, the market is open and chugging away. My name is Kevin Travers, the air quality in the New York Metro Area is making me wheeze, here are stories heard on a Wall Street today.