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To: Bipin Prasad who wrote (11841)	9/15/1999 2:49:00 PM
From: Tunica Albuginea	Respond to of 19080

Bipin Prasad, in spite of " low CPI " , I think the market is headed lower this week because of dollar/yen weakness and options expirations, TA Message #11841 from Bipin Prasad at Sep 15 1999 8:56AM CPI rose 0.3% total in August, and the core rate, which excludes the volatile food and energy components, rose just 0.1%. The Treasury market is rallying on the report, which continues to offer strong evidence of a benign inflationary environment within the US economy. More importantly, the report should shake out most of the October tightening concerns in the market. The October Fed funds, which placed the probability of an October 5 tightening at approximately 43% yesterday, are now placing the probability of such a move at just 33%.