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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: bill meehan who wrote (21117)2/23/1999 2:56:00 PM
From: John Pitera  Read Replies (1) of 86076
 
Bill, a nice save of me many thanks....Your comments on the bond market as conveyed by Bob Pisani earlier this hour are eminently
right-on. The bond market continues to act very poorly. The rally from 5.42 to 5.30 was anemic and here we are with the potential to take out the 5.42-.45 level and establish higher yields ...I think the next leg up would be to the 5.80 level in yield.

The Fed's valuation model and many on the street will not take kindly to that. Greenspan is going to impact this market one way or the other tomorrow.
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