Seeking Safety In Bonds

  • January 6, 2000
  • Marc Dupee

The expectation of lower equity prices in the US, Europe and Asia is making T-bonds attractive, sending March up one-half point.

An unusually high number of HREF=”/query/indicators/groups/market_bias.cfm”>Market Bias Indicators pointing up suggest stock indexes will trade higher today: Dow futures are up more than 0.60%.

From the Implosion-5 List, the Japanese yen is falling for a third straight day in a follow-through reaction to the Bank of Japan’s intervention in currency markets Monday to stem the rise of the yen.

The British pound, from the Momentum-5 List, is rallying and is up .0060 at 1.6480.

Also from the Momentum 5 List, feeder cattle is rallying and setting up to test their contract high.


Here are the highlights around noon Eastern time:






























Stock Index and Bond Futures


  • March T-bonds [USH0>USH0]: +16/32 to 90 6/32
  • March S&Ps [SPH0>SPH0]: +.20 to 1413.70
  • March Dow futures [DJH0>DJH0]: +67.0 to 11,290.0
  • March NASDAQ 100 futures [NDH0>NDH0]: -47.50 to 3465.00



Currencies


  • March dollar index futures [DXH0>DXH0]: +.10 to 100.15
  • March Japanese yen futures [JYH0>JYH0]: -.0075 to .9608

  • March British pounds [BPH0>BPH0]: +.0060 to 1.6480


Energies

  • January crude [CLF0>CLF0]: -.05 to 24.86
  • January unleaded gas [HUF0>HUF0]: +.0072 to .6830
  • January heating oil [HOF0>HOF0]: +.0035 to .6690



Metals


  • March silver [SIH0>SIH0]: -3.0 to 518.0


Grains


  • March corn [CH0>CH0]: +1 1/2 to 204 1/2


Meats


  • January live cattle [LCF0>LCF0]: +.675 to 69.650


Softs and Fibers


  • March cotton [CTH0>CTH0]: +.22 to 51.78