[lbo-talk] defending the capitalist way of life

Doug Henwood dhenwood at panix.com
Thu Jun 10 10:00:59 PDT 2004


[from a bond market report by Briefing.com]

Treasuries: The market continues its flattening run across the curve, with the 2-10-year spread off to 200.6 vs. 210.2 a week ago. The 2-30-year spread is at 266.9 against 278.9 a week back. The 10-years have been chipping away at the recent losses, but with the 10-year auction on deck, price pressures will continue. The market will continue to look for flight-to-quality bids ahead of the extended weekend. Friday will have other world markets up and running (and likely suffering torturously from tedium,) and according to one option dealing Brit he "will be at my desk, all day, defending the capitalist way of life."



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