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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Joan Osland Graffius who wrote (65665)10/1/1999 10:31:00 AM
From: bill meehan  Read Replies (2) of 86076
 
Joan, I have not looked at the bonds for a yield target, and I don't know what our bond boys are thinking. I've been much more interested in direction and the impact on the stock market. However, the big problem is that foreigners have been big buyers of corporates to take advantage of "attractive" spreads. It will be difficult to find bids in the not too distant future, so I'm not sure there's a rate that will entice foreigners to hold. 105.16 area basis Dec looks doable.
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