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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13056)	5/25/2001 1:57:57 PM
From: Lost1	Read Replies (1) \| Respond to of 15481

LOL!!! Hey...I'm not sure that these cuts will equate lower rates for home buyers

To: Jorj X Mckie who wrote (13056)	5/25/2001 3:30:02 PM
From: John Pitera	Respond to of 15481

Fed telegraphing an end to the easing cycle?? some skuttlebutt from bondLand.... 10:29 ET 30-year: +8/32..5.825%....GNMAs: +1/32....$-¥: 120.56 Hearing increased talk that the market is beginning to sense a slowing or end of the easing cycle. Mixed comments out of both Meyer and Greenspan have given some the notion that we may see another 25 bp, but that could be the end of it. Why this change in mindset? because the Fed, while claiming that inflation is not a problem, does not want to create it. Traders are beginning to get the feeling that yields are beginning to have more of a bias towards backing up, and 5s and 10s are not the place to be in that situation. do you realize that the benchmark 10 year note bottomed in yield on the day that the DJIA bottomed (March 22nd) that was the day that we had the 4.91 TRIN reading and other possible indications of some climactic selling.