Quote from pux03:
supposedly there was an erroneous order in the bond that pushed it down so far and fast. If you compare the 10 and 5yr charts to the bond, the bonds drop was about 3x as far as the others, even when considering that the bond moves much faster than the other two
Quote from pux03:
Bernanke spoke today and the order that we were talking about was on Wednesday right before the non-manufacturing ISM number was released
Quote from stocon:
Shouldn't they be tanking with all this growth and optimism? Fed governor just hinted at some job growth the day before the report and nada in the Bonds.. 1/2 pt that's all. What's the message, bonds forcasting maybe a flight to quality thing?? Shouldn't the lower productivity numbers be really bearish along with the recent factory / michigan numbers? Didn't money supply just expand,.... Dollar tanking
What are the bullish arguments??