There was a rumor that japan might sell some of there t-bills yesterday. That is why the bonds didn't confirm the move low. Also we have news out of china that the dollar is the main reason for the economic problems. At first one would think this would be a sell signal. Aong the lines with BAC yesterday. BAC is repaying tarp funds "buy BAC". Wrong!
China wants a stronger dollar. They make more money if the dollar is strong. This is a buy signal for the dollar.
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