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To: JRI who wrote (134462)	6/25/1999 1:16:00 AM
From: TTOSBT	Respond to of 176387

RE: "Bill Gross of PIMCO on CNBC (finally) giving a fairly balanced view...looking for one hike (next Wednesday) and one later in the year......6.5% (worst) on long bond and 2.5% inflation going forward......still a little too bearish for my like...but covering both sides of argument in his interview......finally (someone)..is it so hard? " WOW! Right there in broad daylight in front of millions of witnesses. Could it be that Mr Bill Gross who first sold off a good portion of PIMCO's bond holdings (then came on CNN's Money Line saying the bond's yield is going to 6% How'd he know dat then?) way back before the FED meeting -which announced the change in policy bias to tightening- is trying to get the yield up to 6.5% so as to maximize his re-entry point? If I recall correctly I think I heard him say it was getting close but not yet there in answering Bill Griffith's question if it was time to buy bonds? He is real confident that he can wait just a bit more before starting to drop billions back into the unmanipulated American bond market. Did I hear him say that? I could be wrong ya know! TTOSBT