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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (24507)	9/2/1999 9:11:00 AM
From: HairBall	Read Replies (3) \| Respond to of 99985

ETrade - Trading Points: 08:53 ET Fed Gov Kelley : In the Market News interview, Fed Governor Kelley says that it is premature to conclude that the Fed will not tighten again this year, that the Fed is still vigilant against inflation, and that Y2K will not necessarily prevent a Fed tightening. Though we find that comments from officials other than Greenspan can often be misleading, the bond market is taking these warnings seriously and now sees a 57% probability of a Fed rate hike at the October 5 meeting.* The 30-year bond is now down 16/32 at 6.11%. Now this stuff always cracks me up the bond market is taking these warnings seriously and now sees a 57% probability of a Fed rate hike at the October 5 meeting. Can someone introduce me to this "bond market" entity that made these calculations and then told this reporter its conclusions??? These talking heads can really say some idiotic things...LOL! Regards, LG