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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: StockOperator who wrote (11930)4/23/1999 7:54:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
In the short-term, it also has much to do with the foreign money coming in as the US dollar index attests to. The high yield bond market still hasn't recovered much since the debacle last summer. If confidence comes back to emerging market bond markets, they will start drawing money away from T-bonds. Brazil bonds yield 645 basis points higher than US T-bonds.

cbs.marketwatch.com