Friday 22nd July

Treasuries maintained altitude today, partially recovering yesterday's losses. Stocks also regained a portion of ground lost yesterday. In late trading, the 10-Year Treasury Note was up by 15/32, lowering its yield to 4.21%; the Dow was up by 23.41 points to 10,651.18; and the Nasdaq was up by 1.14 points to 2,179.74.
Google droped $11.54 today.

For the second year in a row, Seattle takes the top spot . Why? The city does poorly on all counts, but was at the bottom when it comes to job growth, and the cost of living is very high. "It's true the housing prices here have just gone through the stratosphere," says Charles Knutson, spokesman for the Seattle Chamber of Commerce. The city got hit hard by the tech bubble, and took a big employment dive. "We're coming out of that, but if you're looking at a line chart, there's a huge gap between income and housing costs." Still, Seattle may become easier to afford should big local employers such as Microsoft, Boeing and Starbucks stay healthy.