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To: Defrocked who wrote (56131)8/11/1999 5:20:00 PM
From: wlheatmoon  Respond to of 86076
 
ho ho ho
I'd cast my vote your way....



To: Defrocked who wrote (56131)8/17/1999 12:19:00 PM
From: Investor2  Respond to of 86076
 
Hi all. Any opinions on a good way to take advantage of this phenomenon in the fixed income side of my long term (retirement) investment portfolio?

biz.yahoo.com

''There has been a lot of discussion about Y2K over the last six months but nobody quite foresaw swap spreads, for example, being driven to such extreme levels.''

In the last two weeks, U.S. swap spreads have soared to their highest levels in a decade.

Benchmark 10-year dollar swap spreads now stand at 100 basis points, having touched 114 earlier in the month.

U.S. swap spreads reflect the interest rate premium a double-A-rated borrower would have to pay over U.S. Treasuries and are a key barometer of investors' overall appetite for risk.

Ballooning swap spreads are being driven in part by a glut of issuance by corporate borrowers eager to nail down financing before an expected Y2K-related year-end market shutdown."

Best wishes,

I2