There's a re-evaluation of the economic landscape that makes people willing to sell, but there's not a lot of people ready to buy right now. |
There's not a lot of activity, but the bond was severely oversold (Friday) and without follow-through selling today, we're seeing some short-covering behavior. |
Today the flows have changed. We did see some selling this morning of the back end of the Treasury market and perhaps that's just a little disappointment that the stock market didn't go further below 10,000. |
With the post office story and then the talk about the Senate office buildings being evacuated, sure, that got the market re-bid again. |