It's very thin (volume) today, and that's exaggerating price movement.
It's hard to sustain a bond market rally with stocks doing as well as they're doing.
In the ramblings of the bond market, corporate supply will be the dominating factor until Friday's PPI.
Lower stocks overseas, news over the weekend about the war effort that is less optimistic than a few weeks ago, Argentina could have a domino effect, and in general none of the economic numbers give any optimism for a quick bounce back.
The price action today's been technical rather than anything else. It's been far less about Greenspan than it's been about corporate and agency supply.
The feeling is that the economy is back and Fed tightening could happen sooner rather than later.
We are in a bear market right now, and every rally is just met by more selling.
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