Friday, November 10, 2006

Bond Yields Moving Lower Still

The market is trading slightly higher in early trading. Biotech is still trading down, but most other sectors are getting a bit of a bounce.

Bond yields are moving lower again this morning, with the 10-year yield falling to 4.60%. More inversion. No rate hikes. Oil is trading down a bit, but still north of $60. The dollar is also lower again today.

I don't expect a lot of fireworks today, ahead of the weekend. Volume will likely come in lighter than yesterday's heavy levels. And I expect the markets to close mixed to slightly lower.

In other news and notes:
  • PTR profiled in BusinessWeek
  • IEA predicts tighter oil markets in Q4
  • HANS removed from Conviction List at Goldman
  • KSS beats estimates; stock lower
  • URBN gets more upgrades, target raises
  • AmTech raises RIMM target to $160
  • CVS removed from Focus 1 list at Merrill
  • TNOX to be acquired by DNA
  • How bad is The O.C. this year?

long GS, URBN


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