FX & CFD trading involves significant risk
Stocks had made a strong upward push on the back of a stronger-than-expected consumer sentiment survey reading, but they have since drifted down from morning highs. The action has left the major equity averages to continue trading with mixed results.
Amid the sloppy trade seen this morning, Treasuries have rallied. The move has the yield on the benchmark 10-year Note down to 3.42%, which is only a couple of basis points above its 10-day low. Renewed strength among Treasuries comes after analysts at Moody's downgraded the debt of Ireland -- a move that has rekindled concerns about conditions among the less fiscally sound countries in the eurozone and its periphery.
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