Wednesday, May 11, 2011

Hedge and treasury gains

Today brought us a very heavy - 37bps gap down loss. Some of this driven from the strong dollar some of this from fear of better than anticipated numbers in tomorrow PPI release and some of it from better than expected results in the economy. After yesterdays -31bps we were facing a critical day as this was a large sell off prior to the release of real driving numbers from PPI & CPI. Today retraced all of its opening loss as investors used higher valued dollar along with treasury security to make the buy into bonds.
Hold on for tomorrow another wild day could be upon us.

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