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Strategies & Market Trends : US Economic Trend Analysis
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To: gpowell who wrote (38)6/7/2007 6:46:45 PM
From: gpowell of 97
 
Re: "Rising bond yields deflated hopes for an interest rate cut later in the year."

"When this year started, Wall Street and global markets were too enthusiastic that central bank tightening was behind them," said Subodh Kumar, global investment strategist at Subodh Kumar & Assoc., referring to higher interest rates. "I think we're seeing the realization that central banks are not in ease mode."

Ya think?

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