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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (49380)	4/7/2006 5:44:36 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116555

TNX yield move well above summer 2004 highs to near 5% today very bearish for long dated bonds just as gold break above $500 some months ago was extremely bullish for POG. Bonds short-term oversold and could bounce some next week. but we are nowhere near the ultimate yield peak IMHO.

To: mishedlo who wrote (49380)	4/7/2006 8:34:19 PM
From: CalculatedRisk	Respond to of 116555

Fed's Poole: 5.25% Fed Funds "reasonable" ... data dependent. quote.bloomberg.com Excerpt: Poole said futures-market expectations that suggest the Fed may raise its target rate to 5.25 percent are ``a perfectly reasonable understanding given the information that is now available.'' ``But what I want to emphasize is that the information changes all the time and that we need to understand the surprises that are coming down the pike,'' Poole said. ``I'll tell you at this point, unlike the situation a year ago, I very much go meeting by meeting by meeting.''