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BLOOMBERG Whatd You Miss July 13, 2024

Just three points higher, but that means we are at another record high. Fancy that. Lets dive deep into the action. Abigail, what are you watching . Abigail ive got bonds on my mind. We have stocks higher on the close and on the week, another weekly gain, the fifth in a row for the s p 500, the longest winning streak since early march, so clearly a riskon tone, but confirming it is the problem we are seeing on bonds. A significant back up over the last five days for the fiveyear yield, the most in more than a month, and the 10year yield, the most going back since september, and that was the biggest move up for yields for that 10year yield going all the way back to 1962. A representative from bank of America Merrill lynch reppert recommended shorting fiveyear futures. Hes been bullish and bonds, but recently, there has been a trend break. He has been supportive of the data from the ftc, net positions going back to 2004. He is maki ....

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