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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (67955)	9/20/1999 8:25:00 PM
From: yard_man	Respond to of 132070

>>U.S. Treasury bonds are suffering their worst slump in five years because overseas investors, who used to place most of their fixed-income money in the Treasury market, are now opting for stocks and corporate bonds that offer higher returns, traders said << Now there's the real ho ho ho ...

To: Mike M2 who wrote (67955)	9/21/1999 7:00:00 AM
From: AurumRabosa	Respond to of 132070

Tough love for T-bonds is also why the Treasury cancelled their Fall auction and will only conduct 2 30-year bond auctions a year. Any thoughts on where long bond rates will peak? William Gross who manages PIMCO's bond funds suggested 6.25% as a good buying point on CNNfn last week. I wouldn't mind picking up a few zeroes.