The 90 Day 10 Year Treasury Note Mob Index Ownership Volume Distribution

5.45% Between 103.72 & 105.55
25.41% Between 105.56 & 107.39
22.06% Between 107.4 & 109.23
30.52% Between 109.24 & 111.07
11.28% Between 111.08 & 112.91
5.28% Between 112.92 & 114.75

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The 90 Day 10 Year Treasury Note Mob Index Ownership Volume Distribution

6.96% Between 103.72 & 105.817
15.31% Between 105.827 & 107.923
18.67% Between 107.933 & 110.03
28.58% Between 110.04 & 112.137
17.50% Between 112.147 & 114.243
12.98% Between 114.253 & 116.35

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The yield on the 10 Year Treasury has increased over 0.3% in the past 3 days as investors pulled capital out of safe haven bonds in search of higher growth.

Over the same period US financial and technology sectors witnessed a massive influx of new capital. The MOB Index of Financials (YF_MI) rose almost 498 points since July 10th to close Wednesday at 974.95. Over the same period the MOB Index of Technology (YT_MI) rose 70.85 or 97% to close Wednesday at 143.74.

The 90 Day 10 Year Treasury Note Mob Index Ownership Volume Distribution

7.32% Between 103.72 & 105.817
9.36% Between 105.827 & 107.923
13.65% Between 107.933 & 110.03
33.20% Between 110.04 & 112.137
22.84% Between 112.147 & 114.243
13.64% Between 114.253 & 116.35

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Demand for the latest US Treasury note auction was higher then expected on concerns of a further decline in global economic output.

The World Bank's dismal growth forecasts had global investors rushing into the relative safety of two-year treasury notes. In all, $40 billion in notes were sold at a yield of 1.15% slightly below the 1.2% yield that some analysts expected.

In the secondary market yields on longer term 10-year notes fell to 3.63% from 3.69%.

The 10 Year Treasury Note Volume Index (XT_MI) closed the day down almost 80 points to 579.77. We should continue to monitor the demand for longer term US treasuries as an indication of investor concerns for a prolonged recession.