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To: Rick who wrote (32333)6/15/1999 5:34:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
ON INTEREST RATES
if inflation were a real threat, and the market truly anticipated higher interest rates ratcheting up all summer and autumn, then no such evidence in the Dow Jones Utility average

DJUtility is an excellent harbinger of higher rates... it is peaking over the last few weeks... very inconsistent with a deteriorating bond market

this 30yr TBond yield crapp is very temporary
so I shot my mouth off about a month too early
6.13% is my season high... we will see

insufficient evidence for Fed to tighten
/ jim