In the ramblings of the bond market, corporate supply will be the dominating factor until Friday's PPI. |
It's hard to sustain a bond market rally with stocks doing as well as they're doing. |
It's very thin (volume) today, and that's exaggerating price movement. |
Lower stocks overseas, news over the weekend about the war effort that is less optimistic than a few weeks ago, Argentina could have a domino effect, and in general none of the economic numbers give any optimism for a quick bounce back. |
The feeling is that the economy is back and Fed tightening could happen sooner rather than later. |
The price action today's been technical rather than anything else. It's been far less about Greenspan than it's been about corporate and agency supply. |
There is more risk in owning longer-dated securities in a period of rising inflation. |
We are in a bear market right now, and every rally is just met by more selling. |