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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: N who wrote (1327)	2/25/1999 9:26:00 PM
From: TimbaBear	Read Replies (1) of 3536

Hi Folks.....I don't have any degrees in this stuff or anything.....but I heard a former Fed Governor (don't remember his name) yesterday (2/24/99) on CNBC stating that Japan would be issuing $400 Billion in bonds in 1999 (I think to partially recapitalize the banking system) and those bonds combined with the approximately $300 Billion the US needs every year would represent more savings than are available.....this would serve to drive down bond prices quite a bit I would think.....more supply than demand.....Also with AG stating that the need for the stimulus of those three rate cuts may be waning.....it looks like we're in for higher yields for some months to come (maybe longer).....as a mortgage loan officer, I think I've seen the bottom of rates until Japan finishes recapitalizing and that could be 18 months or so.....but my opinion and 40 cents might get you a cup of tea somewhere!!

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