Treasuries

7:48 am PST. Treasuries are still moving higher. I just saw a 567,700 share print at 119.38 on LQD, which has a very similar pattern to TLT. That was just less than half the total volume so far today, significant. Bullish above, bearish below. BAC had 1 million shares traded at 22.65-.66. The flight to treasuries is weighing on stocks and the dollar, but the tide may be turning.

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