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Reply #46: Heh-heh, Ya-hoo playing games with the decimal point on the bonds [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-20-05 04:51 PM
Response to Reply #45
46. Heh-heh, Ya-hoo playing games with the decimal point on the bonds
today?

Here's a bit more o' the blather:

First was the fairly dated Dec leading indicators, which matched forecasts of 0.2%, followed by the volatile Jan Philadelphia Fed index, which came in at 13.2 (consensus 25.0), showing a slower pace of manufacturing expansion than in 2004 but still exhibiting respectable growth... While neither had much of an impact on equities, bonds embraced the larger than expected decline in the Philly Fed report, as the treasuries turned positive and closed the 10-year note up 3 ticks to yield 4.15%...DJTA -1.1, DJUA -0.5, DOT -0.4, SOX -0.8, XOI -1.1, NYSE Adv/Dec 1006/2276, Nasdaq Adv/Dec 956/2141

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