Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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3:59 PM EST

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To: StockHawk who wrote (15917)	6/11/1999 2:46:00 PM
From: Wes Stevens	of 56535

Just something else to worry the market: Economic Reports -------------------------------------------------------------------------------- 06/11 13:41 FED DECLINES TO COMMENT ON RUMORS OF EMERGENCY MEETING OVER TROUBLED HEDGE FUND WASHINGTON, June 11 (Reuters) - The Federal Reserve declined to comment on rumors that swept through New York financial markets on Friday about an emergency Fed meeting to deal with a troubled hedge fund. "As a matter of policy, we don't respond to rumors," a Fed spokesman said in response to a question about a possible meeting dealing with a hedge fund. Prices for bellwether 30-year U.S. Treasury bonds were down sharply at midday by 23/32 of a point to yield 6.12 percent, partly because of a rumored Fed meeting about a bailout for a hedge fund, according to Wall Street traders. ((Washington newsroom, +1 202 898-8395, fax +1 202 898-8383, washington.economic.newsroom@reuters.com)) COPYRIGHT © 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.

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