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Strategies & Market Trends : Tech Stock Options
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To: randy kay who wrote (34015)1/24/1998 2:35:00 PM
From: randy kay   of 58727
 
ANYONE: I HAVE A BOND QUESTION??? Below is some news about bonds being issued this Tues/Wed. The yield is already flying, what effect might this have on the market??

CNN Jan 22
Weakness in bonds and the dollar

Bonds sagged, pressured by weakness in the
dollar. A flood of new supply expected to hit the
market in the weeks to come also weighed on prices.
The Treasury Department is scheduled to sell $15
billion in two-year notes Jan. 27 and $11 billion in
five-year notes a day later. The department also will
carry out its quarterly refunding in February, although
the amount has not been announced yet.
The price of the benchmark 30-year Treasury bond
tumbled 1-14/32, raising the yield to 5.96 percent, the
highest so far this year.

(I cut the dollar stuff off)
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