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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (35503)	12/20/1999 6:54:00 PM
From: Trumptown	Read Replies (1) \| Respond to of 99985

Watching rates closely...don't know if it's an over reaction to Nov retail sales upside surprise (isn't that seasonal...like Christmas shopping?)...or something else brewing... SR

To: pater tenebrarum who wrote (35503)	12/20/1999 7:02:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

thin market economeister.com if we had stock traders over there, they could have yields trading between 4 and 8 percent on a daily basis.

To: pater tenebrarum who wrote (35503)	12/20/1999 7:15:00 PM
From: Cathedra	Read Replies (1) \| Respond to of 99985

heinz, the yields on all the Treasury maturities tracked by Yahoo reached new 52-week highs today: 30-Year Bond ^TYX 2:59PM 64.28 +0.51 +0.80% 10-Year Note ^TNX 2:59PM 63.40 +0.53 +0.84% 5-Year Note ^FVX 2:59PM 62.63 +0.68 +1.10% 13-Week Bill ^IRX 2:59PM 53.80 +1.00 +1.89% Tomorrow's FOMC meeting has to be responsible for a portion of the spike. But bond traders are probably also bracing for the feared Y2K cash withdrawals. As you observed, the breakout was especially sharp in the shorter-term Treasuries. Is the stock market prepared for bad news from the FOMC meeting? Lord only knows. The SP 500 index put/call ratio is a gentlemanly 2.2 to 1, which suggests that the stock market is more complacent now than the beginning of this month.