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07/12/2010
China's copper and iron ore exports dropped last month, signaling the global economy may be stagnating; Treasuries are higher, stocks and metals are lower. Later this week, CPI, PPI, and Retail Sales are scheduled for release. Right now, the futures market is pricing in a 75% chance that the Fed keeps rates at .25% through November 3rd, 2010. Currently, the Ten Year yield is at 3.04% (3.03% on Friday) and the 2-10 yield spread is at 240bps.
