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Non-Tech : Le coin des francophones

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To: Alain who wrote (275)	6/11/1999 2:27:00 PM
From: Claude Cormier	Read Replies (1) of 77509

Le genre de nouvelles qui pourrait déclencher une nouvelle vague...vers le bas: NEW YORK, June 11 ( Reuters ) - U.S. Treasury bonds extended losses to nearly a full point early Friday afternoon amid rumors of an emergency Federal Reserve meeting. 'It's getting hammered,'' a trader at a U.S. primary dealership said. ''We were expecting a little rally towards the end of the day -- a relief rally. We never got it. Supposedly there is a rumor coming around that there is an emergency Fed meeting.'' The benchmark 30-year bond was down 27/32 at 88 to yield 6.13 percent. An analyst at another firm said adding to the rumor was speculation that the alleged meeting could possibly be linked to a hedge fund bailout. A New York Fed spokesman said it does not comment on rumors.

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