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To: Defrocked who wrote (20392)	2/18/1999 5:18:00 PM
From: Defrocked	Read Replies (1) of 86076

As I post, bonds are off about 8 ticks since CBOT close. I very much agree with the logic of a steepening US yield curve. Pressure will be on the ECB to cut rates, Japan is finally starting to print money, and the UK is on the verge of another rate cut. US still has double digit MS growth. The G7 is talking stimulus this weekend so I am also looking for potential commodity price pickups. FWIW. bloomberg.com "When pro-growth policies take hold, increased global credit demand will push up long-term rates even as central banks anchor short-term rates."

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