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Equites Futures Get Boost
08/26/2010
Initial claims printed lower than expected this morning bringing rates off their morning lows and providing a boost to equities futures. Right now, the futures market is pricing in a 95% chance that the Fed keeps rates between 0% and 0.25% through December 14th, 2010. Currently, the Ten Year yield is at 2.54% (2.43% yesterday) and the 2-10 yield spread is at 207bps, widening 7bps since yesterday morning.
