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

To: orkrious who wrote (11973)	4/15/2004 8:18:10 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Only the levels of indirect bids at a few of the auctions. The first one in April was surprisingly high at 40%, but was only 20-25% at the T-Bill auction. Because taxes are coming in there isn't the big supply need in April and May, so I'd guess the level of BOJ intervention is down, now that the MoP has everybody kind of sold (for now) on US economic strength. Supply will pick up rapidly again in a month or two, and that will be the true test, especially if the economy rapidly hits the wall then (which I expect).