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LBBW's Karl Haeling said US "Senator........>

- Bonds & Currency News | Market News" >
US TSYS: LBBW's Karl Haeling said US "Senator McCain's decision to vote for the
Senate Budget Committee tax proposal" earlier today "increases the odds that it
will be approved. But the real work will ultimately involve getting compromise
on the House and Senate plans that are significantly different. And there are
now just 11 Congressional working days left before Christmas recess."
- He adds that "meanwhile, in Treasuries, this week's selloff has turned
momentum indicators somewhat bearish, and while RSIs show prices approaching
oversold readings, they are not there yet. Coming days will present a key test
for long-dated maturities given the disappearance of month-end support if equity
markets continue rallying so strongly. Short-dated and 5-year maturities remain
in clear bear trends but so far, longer ones are still comparatively stable."
- Bonds & Currency News | Market News" >

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