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Tuesday, September 11, 2007
U.S Market sentiment
Friday’s decline came on the back of weak August non-farm payrolls whichshowed a decline of 4000 jobs versus expectations of gain of 110,000 jobs. Theweak numbers led to a steep rise in both the 2yr and 5 yr US Treasury bonds,with yields declining towards the lowest level in recent weeks. Expect at leastanother decline towards prior low of 12525 or towards the 12,000 level.
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