Is anyone Bullish? Does anyone think the Fed will lower on Message Board

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Pastimes : Is anyone Bullish? Does anyone think the Fed will lower on

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To: sea_biscuit who wrote (14)	12/19/2000 1:49:05 AM
From: Jim Willie CB	of 37

mortgages almost entirely linked to 10yr TNote yield called mortgage-backed securities they are funded on large scale by the Tens bankers erroneously believe they are funded by the Thirtys even as shorterm rates rose all spring and summer mortgage rates have dropped 60 bpts since springtime this happened as the yield curve inverted refunding TBonds with federal surplus brought 30yr yields down further housing as a result has remained robust, very important since housing, autos, computers dictate the economy however, automobiles are financed by shorterm notes they are linked to Prime Rate, which is close to FedFunds so auto sales are going into the shitter the third pillar is computers and PC's, which is slowing steadily Y2K was a big pill to swallow, now digestion time / jim

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