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

To: Wyätt Gwyön who wrote (14926)	6/4/2004 11:45:37 AM
From: russwinter	Respond to of 110194

Much of the juice is now coming out of the carry trade (and banking spreads). The spread between the 2/10 year has narrowed from 226 bps to 206 bps in the last month, including significantly today. bondtalk.com We aren't too far away from a big pickup in govt financing needs. June 9 sees the 5 and 10 supply announcement, followed a few days later by the PPI and CPI. The BOJ is MIA to boot. Really a challenge to keep this wired together: mostly seems to be sneaky debt monetization, and permanent injections to fund now losing trades for the cronies.