The coming US dollar crisis Message Board

STOCKTALK

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 coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: stan_hughes	6/15/2007 5:07:51 PM
	Read Replies (1) of 71475

Next week's setup. Volcker likely to get some ink, that ought to be interesting. Lifted from briefing.com late this afternoon -- the bolding is on my part -- Bond Watch: Scrappy Market Scrapes its Way Back (BONDX) : The market did some hard work today taking back some ground in corrective action with cautious trade which helped make volume spotty while the 10-yr led the show. The move better was solid early, but barely a blip against the backdrop of the prolonged sell-off going back to late Feb. Trade was fueled by active spread trade as there was talk again of big west coasters buying 10-yrs against the 2's for decent size. The 10-&-30-yrs have been batted about pretty hard on the week & 10's remain near the worst level since mid-02 but have now kicked the yield back into the yr's range, while 2-yrs have stayed within the yr's range & 5-&-30-yrs backed up yields into their yr's range. The event risk cupboard is pretty bare next week, which is rarely good for treasury prices but they handled some bond negative news fairly well on the day, & golly-gee there is no inflation...unless you're driving for food. Technicians are calling for some consolidation in the week ahead. The curve worked flatter as some unwinds wound through the spreads, but pushed back into a steeper pose the last hour taking the 2-10-yr yield spread out at 13.4. The dollar was pinched by strength in the euro & pound while the yen weakened netting the buck a mixed session. Spot gold is up at +655.25 (+3.30) while crude oil pushed up to 68.09 (+0.44). Next week is light via the data calendar with just housing, leading indicators & Philly Fed. The Fed has Boston's Minehan on Mon & former-former chief Volcker on Tues. The euro is at 1.3381 & the yen is at 123.4525 & the 10-yr yield is at 5.163%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next