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


To: Jim McMannis who wrote (57019)3/28/2006 3:20:11 PM
From: Les H  Respond to of 110194
 
You also have to give credit/blame to the Bank of Japan for plunking 300-400 billion dollars into US treasuries all at once in 2004 Q1 to drive 10-yr rates to 3 percent. Looked like they were acting as a proxy for the Federal Reserve to avoid the label of election-year tampering.



To: Jim McMannis who wrote (57019)3/28/2006 3:26:17 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
Today's Fed action just what I expected.

The idea that the Fed would pause with markets booming always sounded absurd to me.

Still we may get a decent end of quarter rally before things turn down in earnest.