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


To: Ken98 who wrote (25042)9/7/1999 5:40:00 PM
From: Benkea  Read Replies (3) | Respond to of 99985
 
Ken:

"the Fed will be put in the position of deciding to defend either (a) the bond market by raising rates"

I never understood how raising rates (and crushing older bonds issued at a lower coupon) defended the bond market.