I don't think there's anything new. It's that the mood in the bond market is horrible.
The market's extremely skittish. There's concerns about strong economic growth and tomorrow's (jobs) number.
It should be a pretty quiet day. We may see a little follow- through due to the strength of the dollar.
Inflation in the pipeline is building. We're probably going to see a strong employment number and that's not going to be helpful.
We don't have a lot of information today. I think today is probably a quiet day depending on what the stock market does.
There seems to be a strong consensus that the Fed isn't going to do anything.
You've got inflation concerns and you've Greenspan, who is probably going to be hawkish.
The G7 has historically mentioned concern about a strong yen. That particular issue was not addressed.
We're seeing a tickling of inflation in the pipeline but it's not going to be passed on to the consumer.
That's a pretty strong unemployment number. It's putting a lot more pressure on the (Federal Reserve) to raise interest rates.
