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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (26345)5/19/1999 9:56:00 AM
From: Andrew C.R. Biddle  Read Replies (1) of 50167
 
Ike-

> Bottom line: Given the shift to a tightening bias, there is a possibility
> that Greenspan has the authorization of the committee to raise rates
> before the next meeting scheduled to begin on June 29th. Whether he will
> opt to do this is, obviously, the big unknown. However, if the eurodollar
> market -- a highly liquid and presumably efficient market -- is a
> reflection of investors' sentiment, the nearly +25 basis point yield
> spread between the June and September futures contracts might imply that
> the bond market anticipates an equivalent move in the fed funds rate
> before September.

This is from a Schwab update received this morning. You follow the eurodollar market, what is your feeling about this possibility.

Andrew
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