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Strategies & Market Trends : Asia Forum

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To: Thomas M. who wrote (8074)2/23/1999 1:04:00 PM
From: MikeM54321  Read Replies (1) of 9980
 
Re: Interest Rates (slightly OT)

Tom and Paul,
I'm not sure how important this is, but since you both brought it up I wanted to check my memory. I think we are just talking about a matter of semantics concerning interest rates. I probably should have been more clear.

But if you check out this chart:
quote.yahoo.com^TYX&d=3m
You can see rates have been, "around," 5% on the long bond for the past few months. I was directing my comments in my post from around January 30th to current levels. I believe this would be considered a "spike," by most definitions.

And if you go back a little further to this chart:
quote.yahoo.com^TYX&d=1y
You can see they have been bouncing off 5% since October. You can also see that downward blip in early October. This was due to the rush to quality during that mini-market meltdown.

And go back even further:
quote.yahoo.com^TYX&d=2y
And it's interesting how high (relatively speaking now) rates were. But as we know, the equities market has been pretty strong during that time frame. It's beyond me to calculate how rates rising to the 6% level will effect the equities markets? My first reaction is concern, but it may be unwarranted.
MikeM(From Florida)
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