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|  | APRIL 6, 2005
TREASURY MARKET WATCH Bonds Higher Treasuries were higher Wednesday as the market focused on Greenspan's morning testimony to the Senate Treasuries ended higher Wednesday, but amid light flow, according to Informa. The market focused on Greenspan's GSE testimony early on as the prepared text was leaked. Retail buying was light. The overnight bid held on short covering into New York's open. Subsequent tech buying surfaced, but despite more retail nibbling, as 10-years could not break below 4.42%, selling emerged. The Street's attention was captivated by Greenspan's strong recommendation that Fannie Mae and Fredddie Mac reduce their portfolio size by about $200 billion and mulled the impact for the markets. Hawkish economic views were expressed by the World Bank and IMF officials later in the day.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc. Get BusinessWeek directly on your desktop with our RSS feeds.  Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page  | | |
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