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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Defrocked who wrote (62770)6/18/1999 2:59:00 PM
From: Lymond  Read Replies (1) | Respond to of 132070
 
Yes to both. I think if demand data remains strong (likely, IMO), another rate hike will follow in August. I place very low odds on June being a one-shot deal. At the end of the day, I believe the Fed will reverse at least 50 bps of last year's liquidity injection.

That said, I also think 6.20% represents near term downside on the bond, barring another scary inflation report. BWDIK