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BF: BOND MARKET UPDATE
 
10-Yr: -06+/32..2.896%.. USD/JPY: 99.0075.. EUR/USD: 1.2621


Still Pushing: The buck has been running better on the yen and slipping some on the euro in quiet trade, while the index is slowing as it makes a run at last week’s best levels, the highest since early 2006. The euro has managed to keep gaining on the yen, working to last week's strongest points. Trade will likely get caught in some fairly tight ranges on the euro and yen while the dollar should continue to see gains as the pound gets clobbered on troubles out of their largest banks. The Canadian is getting hit, trading back to the worst since Aug 2004 as the dollar remains the dominant currency. The pound is getting added drag as bonds are ticking up on safe haven buying and yields remain near the lowest in 2 decades.

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