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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (13849)	2/5/1998 12:55:00 PM
From: Cynic 2005	of 18056

Russell, what's up with the bonds? Looks like they are tanking big time! I wonder of the stocks will ignore bonds. Remember the steep bond reversal in August that caused the stock market to come to a screeching halt and reverse course? -Mohan Never mind, I found the answer. Thursday February 5, 12:26 pm Eastern Time US Treasuries lower, reports of Lewinsky immunity U.S. Treasuries head lower after rumor of Lewinsky immunity. Immunity report said driver of 10-tick drop in bond price.Maturing 3-,6-mo bills providing investment demand in bills. GovPX noon volume $46 bln, solid pickup in late morning. *Market awaits Dec 16 FOMC minutes, to be released 1400 EST.

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