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To: Defrocked who wrote (45880)	6/9/1999 12:11:00 PM
From: Investor2	Read Replies (1) of 86076

Re: "Hedging activity alone can push the Sep futures to a 114 handle today. Buying conviction has yet to emerge." fast.quote.com Am I looking at the correct chart? 114 seems a long way away. I tried this calculation, too. $8/$114=7%. (Assuming that a bond with an $8 coupon would cost $114. Didn't you tell me that bond future quotes were based on an 8% coupon?) Shoot, now I'm really mixed up. Best wishes, I2

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