No economic news yesterday meant there was little move the market significantly. Overnight 10- Year Treasuries dropped for a second straight day after economic reports out of Europe beat forecasts. Investors took this as a sign that the global economy is recovering and it damped demand for safer assets. Today brings new Home Sales at 10 AM is a relevant report, but should not affect our long term momentum. The day ends with a 5-Year Treasury auction and Jobless claims are released tomorrow.
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