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Technology Stocks : America On-Line (AOL)
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To: Tunica Albuginea who wrote (15550)5/7/1999 9:28:00 AM
From: Steeny  Read Replies (3) of 41369
 
I can't really figure out why bonds are selling. It could be that those who went long before the # are locking profits and this will be short-lived. The only other idea I have is that bonds are unpopular at yields under 6.00% Greenspan has inferrred before that one reason the Fed has not had to raise rates is because bond yields have corrected themselves. Bondtraders may be reading this again and driving rates up. Just theorizing. Anyway a bond selloff will not help us today.
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