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To: Cynic 2005 who wrote (45161)	6/4/1999 7:02:00 PM
From: NickSE	Read Replies (1) of 86076

HOW A LEAK AT TREASURY IS TIED TO THE JOBS REPORT nypostonline.com ...Rates on 30-year government bonds - the ones that control mortgage and other borrowing costs - are close to 6 percent, a one-year high. And any large increase in job growth this morning will send the bond over the 6 percent level and probably doom it to a future at 6.5 percent or even 7 percent. And if rates go much higher, the stock market and Bill Clinton's ratings could collapse. President Clinton needs good job growth. But he can't afford the resulting higher rates which could hurt stocks. That's how the leak that the government is planning to buy back bonds comes in. If Washington has the dough to repurchase billions in bonds, then rates will stay under control even if job growth takes off, inflation rises and even if Japanese investors start selling U.S. bonds... Nick

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