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Politics : Idea Of The Day

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To: Judy who wrote (24005)3/4/1999 12:55:00 PM
From: broken_cookie  Read Replies (1) of 50167
 
Hi Judy,

Hopefully 5.75 should contain the bonds, but I hear some bond analysts are expecting 6ish. However John Bollinger expects a bond rally back to 5.0

I have heard that the Bank of Japan is funding its massive liquidity injection by selling U.S. treasuries. The Japanese fiscal year ends in March (the politicians can print the results and relax a bit) - just in time to coincide with an IRA push. Nice rally then? Did Bollinger mention a time table?

Meanwhile, the bond is pissing me off as it drags mortgage rates higher.

BTW - the BOJ stim package appears to be working. Durable goods orders up 20%. It should with an equivalent Fed funds rate of .02%.

Take care.
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