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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (26174)5/12/1999 2:31:00 AM
From: steve susko  Read Replies (2) of 50167
 
I saw the market rallying strong breaking 1364 and on to 1366. Bond yield was up around 5.8, floating a little below and a little above. Then suddenly, bond flip and yield shoot up >5.85%, that's when the selloff to 1345 occurred. I thought market would retrace for sure. But after the tip, it rally back to 1360 and close there.

This market been acting like it has no fear of higher rate, like it did last Friday when it break new record.
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