The stock market is trading modestly below its session highs.
Meanwhile Treasuries are out of favor, with the 10-year note falling 27
ticks, sending its yield to 4.11%. The dollar (+0.74%) continues to
strengthen against a basket of world currencies, which is weighing on
commodity prices. Gold ended the session with a loss of 2.8% at $875.70
per ounce and sliver lost 4.8%. The CRB Index is down 2.2%.