Talk that an Asian central bank was selling bills also weighed on the market, especially the long end.

But there are three good reasons that the administration is tacitly delighted by the Asian central banks' support.

Suppose that Asian central banks decide that they already have too many dollars.

Even if the price to buy Asian banks keeps falling, it may be difficult to attract many foreign investors.

Other Asian central banks already pursue this policy to some extent.

It is the Asian bank which suffered the most losses due to the crisis.

A letter had been sent to a person, by a man claiming to be a representative of an Asian bank.

No doubt the Asian banks will pick up the trade just as they are now building ships and machines for the rest of us.

The other Asian banks will then think about reversing their positions.

The Asian banks that dumped on the dollar would get it in the back of the neck for the move.