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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Ken98 who wrote (25042)	9/7/1999 5:40:00 PM
From: Benkea	Read Replies (3) of 99985

Ken: "the Fed will be put in the position of deciding to defend either (a) the bond market by raising rates" I never understood how raising rates (and crushing older bonds issued at a lower coupon) defended the bond market.

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