Tuesday, August 01, 2006

Busy day, busy bond traders

Its a very heavy data day, with news on inflation (PCE deflator, ISM prices paid), manufacturing (ISM), housing (pending home sales), and consumer spending (personal spending, vehicle sales).

As I keep repeating, sentiment is overly bullish here, so anything but very positive releases is likely to result in something of a sell off. 10's are already down about 1/8.

1 comment:

  1. Anonymous8/1/06, 7:40 PM

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