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


To: gregor_us who wrote (7009)2/5/2004 2:55:16 PM
From: ild  Respond to of 110194
 
<<<the Fed wants the market to not misunderstand their change of phraseology, as hawkish.>>>

It didn't help. TNX is up
finance.yahoo.com^TNX&t=5d



To: gregor_us who wrote (7009)2/5/2004 3:03:21 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
I Take Moskow and Bernanke Comments Together.
And I conclude the Fed wants the market to not misunderstand their change of phraseology, as hawkish.

It's all White Doves from the Fed.


I agree but just curious: Why do you say that?
What did Moskow say?

Finally here is my take FWIW on todays comments:
Bernanke wanted to support the US stok market by saying positive things and thus we got contradictory messages about jobs and remaining accomodative. I do not think he wanted to spook treasuries.

Today's stock market gains have all been given back but eurodollars remain wacked. I am adding Eurodollars tomorrow after Jobs data if they get hammered again, or on Monday after the G7 comes out if they do not.

Mish



To: gregor_us who wrote (7009)2/5/2004 4:08:17 PM
From: ild  Read Replies (2) | Respond to of 110194
 
HAWKISH BERNANKE COMMENTS STIR RATE HIKE HOPES

Fed governor says low inflation gives Federal Reserve "luxury" of being patient about when to raise historically low interest rates. Sees few signs of inflation, despite lower dollar, and says deflation fear has subsided. Uncharacteristically optimistic remarks prompt federal futures contracts to price in chance of not only one 25-basis-point rate hike in August, but two. Treasurys sink.