Two way price action
The major US stock indices are opening with declines but there is buying and the S&P and Dow is now positive.
The snapshot right now shows:
- the S&P index is up 1 points or 0.04% at 2696
- the NASDAQ composite index is down 10 points or -0.12% at 7106
- the Dow industrial average is now of 40points or 0.17% at 24955
In the US debt market today, yields are a little lower from the NY open.
- two-year 2.0951%, down -0.8 basis points
- five-year 2.514%, down 2.5 basis points
- 10 year 2.781%, down -2.0 basis points
- 30 year 3.055%, down -1.1 basis point
At 1 PM ET, the U.S. Treasury will auction off 10 notes. Yesterday's three-year note auction was met with okay demand (about a C+/B- auction). Will the higher yield attract more buying?
Spot gold is trading up $1.40 or 0.10% at 1325.40
WTI crude oil futures are trading higher by $.26 or +0.38%
