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Tuesday, December 21, 2010

Its been a slow melt up this morning with MLPS up over 2 points and while none of them have runaway gains, we are seeing some nice fractional moves higher. Yields are higher at midday as we near 3.40 on the 10 year and 4.50 on the 30 year. The afternoons lately have brought in some selling that takes the tape back down to even. There really isnt much to drive prices in either direction so its sort of like watching paint dry.

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