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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/11/2001 2:39:49 PM
From: Softechie	Read Replies (2) of 37746

Trouble! Bonds Plunge : The bond market rout that started after stronger than expected Retail Sales and Michigan Sentiment data has accelerated this afternoon -- the 10-year yield has jumped from 5.29% yesterday to 5.50% today and the market is no longer discounting a 50 bp easing next week. The weakness in bonds could weigh on stocks this afternoon.

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