Metalquest Mining Inc (MQMIF)

[mick]

Bond Watch: Bonds Bounce with Bernanke (BONDX) : The market went out just off the highs across the curve, after the initial rally however, they held on steeply diminishing size. Players see nothing particularly new from the Fed-chief & used that fact to bounce higher in relief, while ongoing subprime worries just added oomph. The 10-yr yield got knocked through 5% & may find that point pretty magnetic tomorrow. Thurs' testimony will be the same, but probably under more contentious circumstances (House), so the questions might be a little more pointed (as well as probably less meandering & irrelevant). The day's early data will likely be shrugged off while there will be a bit of "One of These Things is not Like the Other," game with comparisons between testimony & the FOMC minutes late in the session. The curve has tucked itself into a pretty tame range with the 2-10-yr yield spread going out at 17.4. The dollar got a modest bid into the close as profit-taking gave the struggling currency a boost. Spot gold is up at 672.90 (+8.00), highs from early Jun while crude oil held firm at 75.00 (+0.98). Tomorrow brings initial jobless claims (8:30), leading indicators (10) & Philly Fed (12). In addition to Fed chief Bernanke's testimony tomorrow (10) Chicago's Moskow talks (12:30). The euro is at 1.3793 & the yen is at 121.9200 while the 10-yr yield is at 5.018%. For more bond & economic commentary click here.