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

To: patron_anejo_por_favor who wrote (33397)	5/27/2005 4:03:05 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 110194

polling shows 54% against ... really too close to call..

To: patron_anejo_por_favor who wrote (33397)	5/27/2005 4:21:31 PM
From: russwinter	Respond to of 110194

I won't do a long winded one on COTs today, as I assume anybody who wanted to get on board anti-USD trades has done so now, and were eable to catch today's action. But clearly the forensics point to a large spec/fund short against the currencies and in favor of the USD, a real reversal from March. Most of the spec shorts in the 10-30 year have been squeezed out, although not so in the shorter duration 5's and ED. The commercials still look heavy long the ED, suggesting the rate increase expectations there are still too high. Also pointing to some spread widening.