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Get Four
|  | JANUARY 21, 2005
TREASURY MARKET WATCH Bonds Higher Bonds were higher on Friday based on lower Michigan Consumer sentiment numbers and Fedspeak INFORMA: After opening lower, Treasuries ground higher all session. Retail participation was scarce, and option expiry dominated flow. Fedspeak (plenty of it) echoed the same mantra, with inflation contained, and the economy picking up. Michigan Consumer sentiment numbers dipped, but future expectations jumped, and Treasuries moved higher. Activity dwindled to a crawl by noon, but asset reallocations trades out of stocks into bonds, short covering, and a round of forced in buying at the higher prices extended the move up.  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.
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