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Strategies & Market Trends : Waiting for the big Kahuna

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To: kahunabear who wrote (14939)3/12/1998 12:41:00 PM
From: Defrocked  Read Replies (1) of 94695
 
Bloomberg Mar 12 1998 12:15EST
"Hedge Fund Buying Boosts Bonds"
<snip>
Well-known hedge fund manager George Soros
is rumored to have bought 15,000 June bond contracts
within the first 15 minutes after the release of the retail
sales report,floor sources said.
<snip>
Fund manager Warren Buffet was also rumored to be
selling stocks and buying bonds.
<snip>
"Maybe the hedge funds think the Japanese economy is going
to collapse or get much worse, which would justify these
low yields,but,given the strength in the US and Europe, the
gains in bond prices today are most definitely counterintuitive,"
Lonski said.
<snip>
(John Lonski is senior economist at Moody's Investor Services.)

FWIW. Good hunting.
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