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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (11868)	7/29/2003 5:00:02 PM
From: Les H	Respond to of 306849

consumer confidence conference-board.org looks like all the gains of the past months were in future expectations. lack of tangible improvement in current conditions erodes hopes for future conditions. still hard to get better when fed keeps propping current spending at such a high level.

To: Les H who wrote (11868)	7/29/2003 5:30:09 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Treasury: yesterday afternoon the Treasury announced a colossal $230 bln net financing need over the coming six months. Tomorrow the Treasury announces what Briefing.com expects to be a record $62 bln refunding of 3-, 5- and 10-year notes. The market will be listening to Treasury comments regarding the evolving auction calendar. Some expect a return of the 30-year bond which Briefing expects to be kept on the sidelines given the added 20 years of interest cost when compares to the current 10-year long end. The return of the 1-year bill (discontinued in Feb 2001) seems a more likely candidate.