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AMZN 246.00-1.3%10:25 AM EST
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To: H James Morris who wrote (91162)1/16/2000 5:34:00 PM
From: Victor Lazlo   of 164684
 
HJ,

U.S. Treasury Dept announced buyback of $30 bill in bonds, $5 bill more than expected; should give us a bit of breathing room with the long bond the next few weeks at least.

1999 will undoubtably be a record year for Fed tax revenues, further reducing the need for new bond issues by the Treas Dept. And I predict that Fed tax revenues in 2000 will significantly top those of 1999.

Victor
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