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Technology Stocks : Dell Technologies Inc.
DELL 138.940.0%Dec 5 9:30 AM EST

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To: Venkie who wrote (121410)4/30/1999 2:07:00 PM
From: Lee   of 176387
 
Hi Donnie,..Re:.Watch out below...we are fixing to get hammered...30 yr bond is getting killed

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Friday April 30, 1:39 pm Eastern Time

U.S. June T-bond futures fall more than 2 points

CHICAGO, April 30 (Reuters) - U.S. June Treasury bond futures fell
more than 2 points on talk of heavy portfolio and fund liquidation
and on concerns about more corporate supply hitting the market floor traders said.

June T-bonds fell 2-01/32 to 120-06/32, a key support area. Further
support is at the April 1 low of 119-22/32, they said.

The market was already in an extremely bearish mood due to a stronger
than expected rise in U.S. first-quarter gross domestic product and
the jump in the April Chicago National Association of Purchasing
Management index.

Liquidation was particularly active in the 10-year note pit, some said.

biz.yahoo.com

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NAZ made new highs last week with long rates around these levels. Also, the strong data came out at 8:30 am and also at 10 am but something else got to the bonds around 1pm and I think it's a combination of additional supply plus some stops getting taken out.

I think mortgages are pinned to the 10 year but Arthur would know better.

Best,

Lee
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