1. A trader could buy or sell as many bonds as he thought appropriate without asking. 2. No longer did Salomon Brothers traders buy bonds at twelve and then make the Market believe they were worth twenty. 3. Analysts also said bonds may get a boost next week as traders buy back futures contracts ahead of the quarterly switchover in the lead futures contract. 4. And because many mark-yen transactions are executed through the dollar, some traders were buying dollars for marks and then selling the dollars for yen. 5. Another factor was the covering of a record amount of recent short-selling, as traders bought back shares they sold as the market declined. 6. As futures fell, traders bought futures and sold the underlying baskets of stocks to profit on the spread, a practice called arbitrage. 7. As traders bought dollars for marks, they sold those dollars for yen. 8. Bank One traders have bought dollars for marks throughout this month, Chapin said. 9. Bank One traders have been buying dollars for marks and yen since the start of the year in expectation of further gains, he said. 10. Bonds could get help as traders buy back futures contracts they had sold as the yen weakened, he said. |