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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (2036)8/10/1999 12:27:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 3536
 
Henry,

If you have the time....

Could you review the reasons and causes behind the rise in interest rates from October 98 at 4.5± [135'00] to the present rate of 6.23 [113'27]...especially the last 6 months

We know Greenspan lowered rates effectively last Sept to offset International monetary complications. And also to his credit they have now slowly worked their way past what some saw as the stabilizing area of 6.00

This is from where the bonds began their quick journey at the beginning of 98 into 135'00.

It appears as if these last series of moves have been over done?
A move to 7% seems ridiculous.

Chip