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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2634)	12/13/1999 10:53:00 AM
From: John Pitera	Respond to of 11513

Thanks GZ, I guess that the bond market will be pretty quiet for much ofthe rest of Dec. with Y2K keeping the big dealers, out of the mkt or at least scaling back there positions. Possibly the Fed's news on their transformation of the bias may generate some price action for a day or two. comments from Briefing.com that reiterates this point. --------------------- We wish we could reprint some of the comments traders have made regarding the lack of action in the bond market, but the real problem is, it is only going to get worse. While the Economic Calendar provides a bit more excitement this week, a number of shops have either already closed their books for the year, or are restricted in the trades they can do ahead of year-end. The bottom line is that we all knew things were going to get bad, but we would argue that most expected their boredom to be tempered by more favorable price action. While sentiment has continued to improve following the early December release of November nonfarm payrolls, there remains a lack of conviction to initiate any sustainable longs, with sources now telling us that they are expecting another big push into spread product early next year.