SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (9791)3/9/2004 11:01:44 AM
From: mishedlo  Read Replies (2) of 110194
 
The only thing your fictional "market" cares about right now, is massive BOJ intervention and can the dollar stay weak enough to allow this to continue happening. Can they keep up the $50 billion a week pace? Jobs has very, very little to do with this action.

Blatantly WRONG!
Eurodollars have consistantly moved with Jobs and treasuries have usually but not always done the same thing.
For example treasuries stayed in a tight range for a long time and eurodollars jumped big on every bad jobs announcement. That is why I have told everyone I prefer Eurodollars and Euribors over treasuries. Treasuries probably make a lower range(in yield) but Eurodollars will continue to focus on jobs. If and whe the PPI comes out we will probably see a minor correction in treasuries and eurodollars but the focus will then shift back to the most important thing that matters: jobs.

As for Japanses intervention, so what?
They are doing what they said they would be doing, they told Greenspan to butt out, and they will continue to do what they said they would do, and silly treasury bears on this board got their ass handed to them as a result.

That is the long and short of it.

Mish
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News