Update from the #NYSE Floor May 8, 2014 Trading pattern this - TopicsExpress



          

Update from the #NYSE Floor May 8, 2014 Trading pattern this morning distorted by several things but primarily Draghis curveball on June action. It sparked a violent reversal to a weak Euro (his desire). -That, in turn, may have frozen European buyers of U.S. Treasuries, hiking yields. Yield has now dipped down below 2.60%. -That temporarily dinged U.S. equity rebound. -When gold failed to spike, traders shrugged off any flight to safety aspects of yield plunge and went back to bidding on stocks for now.
Posted on: Thu, 08 May 2014 17:00:09 +0000

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