Tuesday, August 02, 2005

CENTER COURT 10 YEAR TREASURIES

Japanese trader speaks Bloomberg story

There is a divergence in US and Euro Bonds, and it may be caused by the actions and perceptions described above, as Japanses traders SELL US debt for EUropean debt.

ANd I still ponder the Friday job report, and my comments still stand. 10 yr notes are AT .618 FIB retrace, we will quickly see if that pushes yield back down or it rise to next FIB.

But, it certainly seems MOST traders are of the mind that the US economy is STRONG and getting STRONGER, and isn't that a set up for a Contrarian move of another nature?

Duratek

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