Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (66928)	10/22/2003 7:00:29 AM
From: Raymond Duray	Read Replies (1) of 94695

Vi, Re: However, folks are folks, and they are the same no matter where - they don't like losing money on bonds. So, they will sell 'em. There's an interesting article at MSN's MoneyCentral that has this tidbit, confirming the early phase of what you've just speculated about: "Fed data shows that banks are dumping their holdings of government bonds right and left; their Treasury holdings have dropped $100 billion since July." moneycentral.msn.com This might be of some concern to Chairman Greenspan and our Treasury Secretary inasmuch as the U.S. Government is going to be attempting to issue at least $500 Billion in new bonds and bills over the next fiscal year. One might consider that with weak demand for the Treasuries, interest rates will be heading up.....

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