Recommendations

By Marc Nemenoff
11 November 2009 @ 10:10 am EDT

Financials: Dec. Bonds are currently 20 higher at 119'01. We continue to hold the combination of short Dec. Bonds and short the Jan. Bond 115'00 put. I recommend that you enter a good till cancel order to cover the short Jan. Bond 115'00 put at 18 points or better. The market will be watching the Bond and Note results of the second leg of this weeks $81 billion quarterly refunding. Support for Dec. Bonds remains at 117'20 and resistance at 119'21.

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