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

To: yard_man who wrote (6563)	1/30/2004 2:52:18 PM
From: mishedlo	Respond to of 110194

Hung tough with my eurodollar future adds. All in the green now and I took 1/4 of them off. Seem to be major resistance in this area. last set just barely green. M

To: yard_man who wrote (6563)	1/30/2004 3:19:03 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

GDP - Minyanville The preliminary 4Q GDP number came in at 4.0%, down from the unsustainable 8.2% of the third quarter, and below the Bloomberg consensus of 5.0%. The biggest components in the slowdown were personal consumption and imports (though it must be noted that the import data for December are an estimate, as that data has not been released). Inventories went from -$9.1 billion to +6.1% billion. This segment is also an estimate for December, and we have noted that the pickup in inventories argues for a moderation in production growth going forward. The GDP release is here: bea.doc.gov The slightly softer than expected headline, coupled with the inventory gain produced a small pop in bond prices: the 10-year Treasury was flat going into the data, and gained a quarter-point on the news.