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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (253411)7/31/2003 6:16:28 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
This may explain the late day sell-off in stocks (though you'll never hear about it on BubbleVision or other mass media):

biz.yahoo.com

NEW YORK, July 31 (Reuters) - U.S. swap spreads blew
sharply wider on Thursday, suffering one of their worst weeks
since the 1998 LTCM crisis as the big rise in benchmark yields
had mortgage investors hammering the market with heavy
hedging.
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