Long-End Treasuries Looking Attractive

Its been a wild week on European markets, with initial exuberance ahead of the monthly and quarterly closes on September 30 giving way to consolidation and retracement through support levels in several key benchmarks. Equity and currency markets are looking particularly precarious as poor US leading indicator data released on October 1 sent first the Dow and then benchmark eurozone indices lower. The German DAX stock index has led the way, shedding 4.1% in under three days to at one point trade at 5,518 on October 2, testing short-term trendline support at 5,500 in the process. A break through this

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