The fluctuations in the bond market are all dollar-related. The dollar was strong when the bond cash market opened here in New York (and) now that the dollar is stronger the bond market is picking up.

Most of these companies don't want to have the fluctuations, good or bad. When we saw the weakening dollar, it was a boon for companies like Coca-Cola ( Research ). But most companies hedge against the adverse scenario of a stronger dollar.

If someone has 10 or 20 years, daily fluctuations in the market don't matter at all,

The stock market looks like it's going to rebound slightly. And I think that's part of it (the bonds being down).

Once again soft data appears to be generating more reaction in the bond market than strong data -- consistent with the bullish undertone,

Once again soft data appears to be generating more reaction in the bond market than strong data -- consistent with the bullish undertone.