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Strategies & Market Trends : Point and Figure Charting

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To: Jay Scott who wrote (15304)3/9/1999 3:02:00 PM
From: feewaybill  Read Replies (2) of 34824
 
Hi Jay,
This is from John Murphy on the strength of the banks. "Bank profits have less to do with the direction of rates, and more to do with the shape of the yield curve. Long term (bond) rates jumped last week, but short rates held steady. That's good for banks since they pay us the short term rate and lend us at the long term rate. The widening spread between long and short rates, therefore, is positive for banks."
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