US TSYS: Treasuries still continue in the narrow higher price range, as market
slumbers into the weekend, with eyes however peeled in case of a potential German sovereign ratings downgrade, but so far no such downgrade came out. Traders expected that macro funds still needed to cover shorts. US 10-year note is at 2.564%, 2-year is at 0.313%. Traders noted copper prices are being hurt with the copper price off 2.65% on the day and natural gas, coffee, silver and aluminum and crude oil also weaker. "Copper has rolled over," toward the downside, said one trader. US stocks indexes are mildly lower
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