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RT-er'S,
Something is going on in Europe. The Bund is dog meat, the euro is free
falling. The truly confusing thing is that vol.'s in the US are not as high
as one might expect. Shades of the Russian crisis trade of 18 months ago.
Pimco rumored to be short 150K NOB spreads, and still selling. The 30Y
futures contract has flattened by another 10-11 basis points this morning.
Any news out, preferably substantiated, as to some big news we are missing
here in the states?
> -----Original Message-----
> From: Gwenael Gautier [mailto:ggautier@xxxxxxxxxxx]
> Sent: Friday, January 28, 2000 7:55 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Latest numbers
>
>
>
>
> Of course todays numbers were strong, what else did we expect? This was
> 99! Remember the Q4 stock market euphoria?
>
> I venture to think these are the peak growth numbers, from here on they
> should cool of. However for inflation, of course this will keep feeding
> through, I suppose. So the next numbers might be further inflationary
> but less growth. Not what the Fed ordered. Maybe after we'll have a 50bp
> hike now, as time is running out to do something significant before
> elections get into full speed.
>
> thinking out loud
>
> Gwenn
>
>
>
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