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Strategies & Market Trends : The Player's Club

SPY 665.67

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Nov 17 4:00 PM EST

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To: John Pitera who wrote (2717)	12/14/1999 12:25:00 AM
From: Chip McVickar	Read Replies (1) of 11513

The pressure is definitely there, but I believe international currency concerns will keep the Fed's stand as neutral. Higher implied rates would only further unbalance the 3 currency blocks. Anyway, what is desired is higher rates and as long as they keep moving higher and above 6% the Fed should be happy. Message 12211073 If you have not discovered this thread John, you might enjoy the discussion. Why not ask Henry this question on 3 month bills. He is a professional Bond and derivatives trader with an international firm. Chip

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