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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (16665)	1/28/1998 7:41:00 AM
From: Lee	Read Replies (1) \| Respond to of 50167

JT, Good morning and thanks for your reply. We get Durable Goods orders today at 8:30 and they are expected to be -2.5%. Since this is historically a volatile number, I don't know if bonds will pay much attention unless it's significantly different from expected. March bond up ^7 this morning and S&P up 4.10 and $ up as well. I am also looking for 6% but not directly. We have a whole week before the new jobs report next Friday. That may take us there directly. Dollar strength has been a big support of treasuries and Japan repairing it's banking system and other infrastructures (economic) could cause a re-evaluation of the $/yen. Plus Japan tends to repatriate monies by end of March, so, in this time frame, we could establish a new rate level in the 6 to 6.5% area. Still many people remain long term bullish for 5.5% so we see lots of buying on any pullback. Will look for opportunities. Have a good day, Lee