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To: Defrocked who wrote (40979)	5/14/1999 10:28:00 AM
From: John Pitera	Read Replies (1) of 86076

Def, some of the ewaver's are looking for a high in yield of 5.91, (116 '24 ish on the futures) after which the bonds would move onward back to the lows of last fall and eventually to a new low in yield... you and I know, about the only thing that could make this level any type of meaningful low in price, high in yield, and I am not going to endorse the 5.91 scenario or the concomitant equity scenario at this point, but I am watching. just wanted to point out that this view is out there.

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