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

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To: CalculatedRisk who wrote (17282)12/1/2004 11:24:02 AM
From: mishedlo  Read Replies (2) of 116555
 
FX Trading
The benchmark 10-year Treasury note Monday suffered its worst day in three weeks, the yield rose to 4.33% from Friday's 4.24% close.

A pop quiz boys and girls ... now please, put your books away, and no talking during the test. (Charts and other materials attached to help you answer the question.)

What was the reason why bonds tanked Monday?

a) Hedge funds fear a run on US assets wholesale ie, the dollar, stocks, and bonds.
b) The market believes the Fed will hike despite growth concerns.
c) International investors (read China) are lightening their loads.
d) None of the above.
e) All of the above.

atimes.com
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