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First United Corporation (Nasdaq: FUNC), announces a consolidated net loss attributable to common shareholders for the year ended December 31, 2010 of $11.8 million, compared to a net loss attributable to common shareholders of $12.8 million for 2009.

U.S. equity futures markets moved higher in pre-market trading after a lackluster overnight trade, bolstered by news that earnings from J.P. Morgan exceeded analyst estimates. The company reported a net profit per share of $1.09, compared with the analysts’ consensus forecast of 67 cents.

The U.S. Dollar Index rose early Wednesday morning and held on to its gains throughout the trading session following better than expected U.S. Durable Goods and New Home Sales Reports. The falling Euro also contributed substantially to the Dollar’s rise while trading mixed versus the British Pound.

March Treasury Bonds surged to the upside and erased all of Wednesday’s losses following the weak U.S. economic reports. Traders reacted to the possibility of interest rates staying lower for a long-time. Today’s Treasury bond action also went off without a hitch, generating more interest in the long side of the market. The charts indicate the next upside objective is 117’14.

December Treasury Bonds and Treasury Notes surged in the afternoon following better than expected results from today’s $42 billion 5-Year Treasury Note auction. The decline in U.S. 3rd Quarter GDP provided support earlier in the trading session along with weaker equity prices.

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