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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jim Willie CB who wrote (6964)2/5/2004 9:19:24 AM
From: mishedlo  Read Replies (1) of 110194
 
Picked up 2 LSS futures Sep05 94.92
LSS=Short Sterling=Pound Interest rate futures
LSS hardly budged across the entire rate curve.
Unlike the US which gyrates wildly on changing from "considerable period" to "patient" and has everyone scratching their ass, a 1/4 hike in the UK produces almost no reaction. Their curve is very flat and I think tightening is nearly done.

Mish
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