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To: cfoe who wrote (38627)8/25/1999 7:24:00 AM
From: Jon Koplik  Read Replies (2) | Respond to of 152472
 
Believe me, I am aware of this.

As some of you know, I am personally "long up to my eyeballs" some September of 2000 futures contracts for 91 day Eurodollar CDs.

On yesterday's close, these futures have an implied yield of about 6.63%, with the spot rate for 91 day Eurodollars still around 5.50%.

Something has to "give" in the next 12 months !

Jon.