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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5696)	6/9/1999 10:52:00 AM
From: Wally Mastroly	Respond to of 15132

Re: ...more on Interest rate/FED Watch: cbs.marketwatch.com - Some excerpts: "..Meanwhile, Minneapolis Fed President Gary Stern -- a hawk and a voting FOMC member -- will be speaking in New York at a Fed Correspondents Association luncheon..." "..Separately, a host of central bankers, including Fed boss Alan Greenspan and European Central Bank Wim Duisenberg, will engage in a panel discussion Wednesday morning at an International Monetary Conference in Philadelphia..."

To: Investor2 who wrote (5696)	6/9/1999 3:31:00 PM
From: Wally Mastroly	Read Replies (3) \| Respond to of 15132

Comments on 6%, etc. (from another thread): >The reason you can't brush off the 6% level on the long bond is that program trading will kick in - if it closes at or above that today, you will see the selling start tomorrow. Program traders will move their funds from the stocks to the bonds. Fixed income and bond funds that pay 2-4% have a very profitable level when the long bond is above 6%. Its not the traders that will move, but the funds and institutions. lastshadow < quote.yahoo.com^TYX&d=1d

To: Investor2 who wrote (5696)	6/10/1999 12:02:00 AM
From: Hank Stamper	Respond to of 15132

I2: "I see the long term treasury interest rate is over 6%. " The next big event for stocks and bonds is Friday's U.S. producer price report for May. Ciao, David Todtman