The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (1781)	11/3/2003 10:59:48 AM
From: russwinter	of 110194

<but bond yields up just a tad.> With the USD a litttle more stable, the Japanese don't have to buy Old Maid cards right now, so I'm sure they are taking a pass. My hunch is the Fed is picking up the pace and has a little line drawn in the sand at 4.40% on the 10 year. Given that they monetized 1.341B last week, that hints it may have been them at that level after the bogus GDP report. The key (and I think the weak point) are the funds and specs hanging tight. The Fed isn't making much in the way of free loans available, bullandbearwise.com so I think we test 4.40% again pretty quickly, and a billion or two of Fed monetizing a week (and more overnight heroin) won't be enough to hold it. On the other side of the coin I think we have some negative economic surprises (including overseas rate increases) coming that may test the Japanese and the USD again.

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