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July 20th, 2012
A huge range up extension in Treasuries came in the wake of an extension of global slowing. However, renewed flight to quality developments added another element to the bull’s case today. While some players are suggesting that supply flow next week from the US might limit the upside, a complete revival of Euro zone debt fears would easily eclipse the drag from a temporarily flow of supply. In conclusion, seeing Spanish problems return to the headlines should leave the bull camp in a very confident position.
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