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


To: russwinter who wrote (41305)9/12/2005 1:55:59 AM
From: dipanjanc  Read Replies (1) | Respond to of 110194
 
YOY increase in foreign dollar reserves and 1 year CMT index

photos1.blogger.com

The sharp rise in the interest rate from low-2% level to mid-3% level corresponds to the peaking and subsequent fall of YOY increase in foreign dollar reserves. Note there were a couple of failed attempts (resistance??) at low 2 levels. There probably is also a correlation in the relative flattening of two lines immediately after the sharp rise.

Let me know if you would like me to tweak the chart in any way. YOY increase data goes back only till December 2003.

Thanks for the sources.