4/1/2009 12:57:52 PM
77
Posts: 0
|
Treasuries are expected to continue to trade mixed to higher. Prices are underpinned by 1.) global economic weakness (contraction to an all time low in the Japanese Tankan Survey) and domestic weakness (a slip backwards in the Chicago PMA) 2.) Fed purchases (another auction is held today for maturities issues from 5/12 â 8/13. 3.) horrible labor markets (ADP, Challenger, weekly claims and Non-Farms should all be a disaster) 4.) Safe-haven over event risk.
|
|
• permalink
• reply with quote
|
4/1/2009 2:30:38 PM
77
Posts: 0
|
down to 129-22 as the 10am econ numbers were strong and sent the INDU SPX up to fill their morning gap downs
|
|
• permalink
• reply with quote
|
4/1/2009 8:23:21 PM
77
Posts: 0
|
long bond moved up after the fed bought the treasuries, and perhaps it was first of month inflows that kept the bonds and equities both green
from the range of the shock and awe fomc decision day, the US or ZB held about a 50% pullback and now is up challenging the .78fib which has been called 'the gatekeeper'
|
|
• permalink
• reply with quote
|
4/2/2009 3:24:39 PM
77
Posts: 0
|
4/2 11am et
US was hanging close to 130-00
then took a big dump on the feds buy in
which would be normal to have bonds finally weak on strong equities
and when crude oil i.e. inflation is hitting, bonds don't like that
US TY are 'nr7' the narrowest range in 7 sessions yest., that's when we look for a trend day
|
|
• permalink
• reply with quote
|