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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (726)	9/29/1998 3:06:00 PM
From: Robert Douglas	Read Replies (1) of 3536

Reaction to 25 bp cut in Fed-Funds rate. Short-term Treasuries down. [As you would expect] Long-term Treasuries up! [Henry this is cool, just like Britain.] Dollar down. [Surprised, but happy to see] Equities down. [A mild disappointment] Any comments? -Robert

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