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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (60277)5/4/2006 5:17:28 PM
From: russwinter  Read Replies (1) of 110194
 
Everybody please keep an eye out for background and stories related to changing lending standards and less competitive rates as a result of Ameriquest's Bloody Tuesday.

FCBs purchased $4.4 billion this week (an average week), all agencies.

The Fed has conducted only one coupon pass since mid-March;
ny.frb.org

Stop out rate on today's 14 day repo was 4.94% suggesting the move to 5.0% next Wednesday is a far gone conclusion.
ny.frb.org

ECB failed to surprise the market, merely talking about next time. USD smacked down anyway.
futuresource.com
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