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March 30th, 2012
Treasury prices did manage another new high for the move today and that is somewhat impressive when one considers the relatively strong action in global equities and the fact that the trade was presented with a strong Consumer Spending reading and a positive US consumer sentiment figure. On the other hand, a soft Personal Income reading and a decline in the Chicago ISM report probably left many traders confused as to the direction of the US economy. While Treasury traders were openly focused on the Sunday night Chinese PMI report that report could set the tone of US Treasury for the coming week
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