Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (2977)	7/2/2001 2:25:52 PM
From: $Mogul	Read Replies (1) \| Respond to of 208838

Jeff we definitly watch the 200 ma's as well.

To: Jeff Jordan who wrote (2977)	7/2/2001 2:44:09 PM
From: $Mogul	Respond to of 208838

Reminder: The bond market will close at 2 p.m. EDT on Tuesday (1 p.m. EDT for futures) and will be closed all day Wednesday for the Fourth of July holiday. Here is a link to the Bond Market Association announcement. 2:00 PM Not surpisingly, trading flows are said to be light today in both the cash and futures markets. Cash volume, for example, is said to be running at just 62% of the average of teh past 5 days. Dealers are reporting light flows, skewed, obviously, toward the buyside but with little thrust. Buyers of interemediates were intially reported out of Japan and that buying has helped to keep the intermediate portion of the curve strong throughout the day. A relatively light corporate calendar in terms of both the bnumber of new deals and the dollar value of new deals is a factor behind the reduced volume. 1:38 PM Bond futures have moved to new highs on the day, helped by reduced inflation concerns as oil prices begin July by plummeting nearly 3% after falling 8% in June and the prices-paid component of the NAPM fell to its lowest level in more than two years. The spread between nominal 10-year Treasuries and 10-year inflation-indexed Treasuries has narrowed back below 190 basis points today from around 196 bps late Friday, and easing expectations have increased despite stronger-than-expected data, further indications that the market is unconcerned about inflation. That's helped the bond and caused the market to work off some of the excesses that built up during last week's sell-off. The five-year note, the best performer on the curve throughout the session, was the worst performer in last week's sell-off, with cash yields rising 35.5 basis points, narrowly underperforming two-year notes. And the 5/30 yield spread is the biggest mover on the day, steepening by 2.5 basis points to reverse some of last week's 17-bps flattening.