MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Square_Dealings who wrote (11143)	3/9/2002 9:01:30 PM
From: Joan Osland Graffius	Read Replies (1) of 19219

michael, >>The bonds are gapping down on more than that jobs report. 66,000 jobs isnt enough to cause the kind of impulse down in bonds imo. Credit risk is the real reason behind the move and the talking heads are spinning it as due to an improving economy. Help me to understand what you mean in this statement. My thoughts are that the US treasuries are not a credit risk at least at the present. Would think the foreigners especially the Japanese are selling as well as people taking money out of treasuries to chase these roaring market. We did see the Yen up against the US dollar last week that tells me money is moving from the US to Japan. Joan

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