Sons and Daughters of BBCMF , Dow 30 With Point and Figure Charts , Dow Discussion...

[mick]

Bond Watch: Bond Bounce (BONDX) : The bonds are a bit better, holding a bid amidst lightened action while players close out positions, buyers pick up paper on the cheap & pre-weekend safe-haven bidding shows up. Cheapening oil & commodity prices are added support. The day is data free & suffering less from the weight of supply while Fed-speakers utterances will be viewed guardedly no matter how many times they speak confidently about inflation expectations. The remainder of the session will see a continuation of dwindling size potentially giving the market a further boost. The curve has been pushing into a flatter pose on the session with the 2-10-yr yield spread now 54.7, but the difference remains near the steepest levels on the week. The buck was given no data to either help or hurt it, so it took the opportunity to scrape together some buyers to help put a potential short-term floor in place. Spot gold is falling off as the buck shows signs of life with the yellow metal slipping to 727.90 (-5.36) & crude oil down at 81.54 (-0.24). Fed gov Warsh talks on market developments at 12:30. The euro is at 1.4076 & the yen is at 115.5750 while the 10-yr is +09/32nds yielding 4.658%. For more bond & economic commentary click here.