Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: gregor_us who wrote (4008)	4/9/2004 12:01:50 AM
From: mishedlo	Read Replies (1) of 116555

Here's Plungers take on this FED talk Fed governors are trying to stabilise the 10Y treasury rate. When the yield is below 3.9% they are all hawks. Above 3.95% they are all doves. They are very afraid of instability. ======================================================= Here was my reply.... I can easily buy that scenario but your range is too tight. You can't really mean 3.90-3.95 can you? How about 3.90 - 4.20? That is still tight but also allows for .20 on either side before FNM can get into more trouble. It also keeps things within major zones of support/resistance technically. There are a ton of stops above a yield near 4.5 and they want to keep away from that and they do not want another round of refis just yet it seems and a sustained move below 3.70 might cause one. Mish

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