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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (6757)10/1/1998 10:11:00 AM
From: Sam  Read Replies (1) of 9980
 
Zeev and all,
A few nights ago, I heard on NBR a bond fund manager say that he was long the 30 year bond until it hit 5.20% or so, sold his position, and has watched in fascinated amazement as it has just gone lower and lower. A few months ago, we were speculating on this thread about Japanese money flowing to the US after their "Big Bang". I am guessing that the 30 year bond is below 5% now--and dropping incredibly rapidly even as I write--due to some of that money. The 5% yield must look awfuly good to some of their pension fund managers who had guaranteed 4-5% GICs a few years ago, and can't possibly come up with the money from Japanese bonds.

Anyone have any predictions about how low the 30 year can go?
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