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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (6152)	1/25/2004 7:16:27 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Treasury Investors Bearish Ahead of Fed Meeting quote.bloomberg.com Treasuries may fall for a second week on speculation the Federal Reserve this week will amend its pledge to keep rates low for a "considerable period". Some 54 percent of those surveyed said the Fed, which meets on Tuesday and Wednesday, will either drop ``considerable period'' or replace it with a similar phrase. [Mish wonders who the 44% idiots are. They will either drop the phrase or not!? looks like a 100% bet to me] ``Rates probably will have to move higher,'' said Timothy Wilhide, a fund manager at Hartford Investment Management Co., with about $98 billion in fixed-income securities. Economic reports point ``to much higher rates.'' ``Eventually rates are going to start to tick back up,'' said Don Alexander, a debt strategist in New York at Citigroup Private Bank, which handles about $166 billion in assets. ``We need to see the job creation.'' Alexander didn't participate in the survey. The deficit will be ``the primary driver to higher rates by the end of the year,'' said Anton Pil, global head of fixed income at J.P. Morgan Private Bank in New York, with $280 billion in assets. Ten-year yields will be ``closer to 5 percent'' within about a year, said Pil, who didn't participate in Ried Thunberg's survey.