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To: John who wrote (25026)6/10/1999 10:34:00 AM
From: Chip McVickar  Respond to of 44573
 
Hi John,

Well.....it sure looks like the bonds are making a serious move away from 6.0%....

If you look at May98 that's exactly where the bonds were before Greenspan lowered rates to offset the effects of the worlds monetary crisis. He has successfully brought long bond rates back to 6% without directly raising them....NOT BAD.

With that in mind, I still believe this area is tough to break through without a significant jump in rates. Internationally this would not be not a responsible move by the Fed.

I don't believe it's going to happen. Markets will be going Up after next week and into the summer. But these are just opinions I don't really have a clue!

Chip