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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1294)	3/5/2004 12:19:20 PM
From: Wyätt Gwyön	Read Replies (4) \| Respond to of 116555

Bush Hits the Trifecta Again U.S. Feb. Payrolls Rose 21,000, Less Than Forecast Shiite reject interim constitution Bush Ads Anger 9/11 Families billmon.org Air Force One phone records subpoenaed

To: mishedlo who wrote (1294)	3/5/2004 12:25:44 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 116555

A Stroll Down Memory Lane...or Stupid White Bond Men March 2: ``The prospects don't look good for long-term Treasuries right now,'' said Richard Schlanger, who helps manage about $4 billion of bonds at Pioneer Investment Management in Boston and owns a smaller percentage of Treasuries than in benchmark indexes. ``Things are looking a lot better in manufacturing. That's going to translate eventually into job gains.'' March 4: Survey Says: Bond Bulls Do Not Exist, and Besides, They're Stupid! "As soon as there is a whiff of a rate rise, there will be a big rise in bond yields.'' Richardson predicts the Fed will increase the federal funds rate from 1 percent before September, and sees the 10-year note yield rising to 5.5 percent in 12 months... ``The economy is getting brighter and there will be a gradual improvement in jobs growth,'' said Yasutoshi Nagai, an economist at Daiwa Securities SMBC Co. in Tokyo. ``I see the Fed hiking rates in September.'' A rate increase may see yields on the 10-year note rising to 4.8 percent by the year-end, said Nagai. ``Yields will rise as the dollar gains.'' <font color=red> March 5: Banc One Capital Markets Inc.'s trading desk in Chicago was in ``complete despair'' after the jobs report, said Ray Remy, head of the bank's Treasury and agency debt trading. ``We were upset the market was going to much lower yields. Four guys turned around and swore, because it's difficult to get people involved at these rates.'' ``This probably puts the Fed on hold till 2005,'' ``This pushes back any chance of a rate increase past the elections'' in November Rupkey said the 10-year note yield will decline to as low as 3.75 percent at the beginning of next week. bloomberg.com