There will be very abbreviated postings for the next few days.   

Econ items that partially influenced rates will be marked with an Ý or anß.  Items that impacted rates will be marked with a ÝÝ or a ßß

Items that greatly impacted rates will be marked with aÝÝÝ or a ßßß

30 August 2007:

GDP expected +3.4% to 4.1%.  Was 4.0%

Chain-Deflator expected at 2.7%.  Was 2.7%

Jobless forecast 320k to 324k.  Was 334K  ß

Help-wanted predicted at 25, was 25

Corp Prof. +25.5%.

10-year Treasury closed -.052% with the yield 4.502%

ßß Yields of asset-backed commercial paper due tomorrow rose to the highest in six years as outstanding debt in the short- term instruments fell for a third week. Demand for the Treasury's $13 billion auction of five-year notes was the highest since September 2006.

``There's that fear of commercial paper that's driving people into the bills market,'' said Nasri Toutoungi, who oversees $23 billion of bonds in Hartford, Connecticut, at Hartford Investment Management Co. ``It's becoming irrational.''

29 August 2007:  post close report

Around 11:15 EDT {15:15zulu} the stock market changed direction.  Earlier in the morning Stocks were doing poorly.  A letter from FED Chair; Ben Bernanke to Sen. Chuck Shumer.  Mr. Bernanke discussed ways that lenders and policy makers might assist borrowers that have been hit by the credit crunch and the downward spiral of the housing slump.  He did not endorse some politicians call to increase the limits on the loan portfolios of FNMA and Freddie Mac. 

About one hour later, Bonds followed suit with rates moving upward.  The rate on bonds most closely resembled the S&P 500 from that time on.  The 10-year Treasury closed +.023% with the yield at 4.553%.