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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (56441)8/13/1999 8:19:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
another piece of depressing news:

Fed Funds were at 5 1/16% when the futures closed, slightly higher than
the 5% rate that traded when the Fed added $2.675 billion to reserves with
4-day repos and an additional $877 million with a COUPON PASS covering
maturities from April 2000 to January 2001.

I'm absolutely certain the maniacs looked upon this as Uncle Al helping them along their merry way.

Good ol' Uncle Al.
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