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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61409)	3/5/2002 12:37:52 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Two-Year Notes in Focus as Caution Reigns (Doesn't this say, stock could weaken? Stan) March 04, 2002 11:44:00 PM ET news.moneycentral.msn.com By Jon Herskovitz NEW YORK (Reuters) - Treasury market players are turning their attention to shorter-dated U.S. government securities and hedging their bets toward caution expressed by Federal Reserve Chairman Alan Greenspan about prospects for a strong economic recovery despite promising data. Traders noted that while the blue-chip Dow Jones Industrial average has surged over 400 points, or about 4 percent, in the past two trading days, two-year notes have barely nudged. Yields, which move in the opposite direction of prices, have risen by about 0.14 percentage point, indicating there is support for safe-haven government securities even in an equities rally. ``In the past number of months, we have always found very good support at 3.25 percent. I would expect that support level to continue to hold because the Fed will be tightening, but it really is questionable how soon they are going to be,'' said Mary Ann Hurley, vice president of fixed-income trading at D.A. Davidson & Co. in Seattle. Hurley said the Treasury market is vulnerable to strong economic data that would cause prices to fall as hopes for a recovery mount.