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Technology Stocks : Dell Technologies Inc.
DELL 142.66+2.8%12:27 PM EST

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To: Boplicity who wrote (106018)3/1/1999 8:14:00 PM
From: Lee  Read Replies (1) of 176387
 
Hi Greg,..Re;. the budget surplus, while it's folly to count on them knowing the dems., could lead to reduction of funds that need to be borrow, which in turn reduce the the supply.

Reduction of supply has already occurred in at least two if not more of the government auctions this year because of the surplus and increased tax receipts. More reductions are scheduled. This will in effect establish a ceiling on long rates as long as the surplus is managed as such.

Repatriation is an annual event and is not significantly different this year. If you look at the chart of the bond yield for the past five years, you can notice that except for '95, first quarter backup in rates has happened every year for the last four years.

bigcharts.com

Finally, the Japanese are issuing more debt in an effort to liquify but even with the backup in yield on the JGB, it is not enough to compete with more closely held US issues.

Just my 2 cents, <g>

Lee
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