Stevie--- LOL,,, I just may be tempted to add in the 22 or under range LOL! VERY doubtful the temptation will present itself,, but if it does I'll be sure to ask your advise <gg>
(REUTERS) WEEKAHEAD-Emerging bonds seen driven by US markets
WEEKAHEAD-Emerging bonds seen driven by US markets
NEW YORK, July 25 (Reuters) -- Emerging market debt,
sensitized to the moods of U.S. financial markets, will be
closely watching new testimony from Fed chief Alan Greenspan
this week, analysts said.
Also, the outcome of elections to the constitutional
assembly in Venezuela held Sunday will grab market attention,
investors said. President Hugo Chavez has said the assembly
could dissolve Congress and the Supreme Court.
Market watchers will also keep a close eye on the second
leg of key testimony by Federal Reserve Chairman Greenspan.
Greenspan will speak before the Senate committee Wednesday
after addressing the House Banking Committee this past
Thursday.
Market watchers will look for more confirmation of
Greenspan's remarks that the U.S. central bank will remain
vigilant against inflation. His comments last week were seen as
having an unexpectedly hawkish bent to them.
Some investors believe the U.S. could see another 50-basis
point increase in the federal fund rates this year, thus
erasing the 75-basis point drop in the key interest rate last
fall. The Fed last raised the key Fed funds target on June 30
by 25 basis points to 5.0 percent. |
