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To: NickSE who wrote (69193)10/18/1999 6:42:00 PM
From: NickSE  Respond to of 86076
 
U.S. fund managers shun Treasuries, see rates rising
biz.yahoo.com

''I would be very careful buying here,'' said Brad Stone, chief investment officer for fixed income at American Express Asset Management Group. ''It's going to be hard to make money buying bonds the next few months. We're starting to see price pressures and the Fed has got everyone on notice.''

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nypostonline.com

"Weak bonds, an uncertain dollar and tepid momentum suggest that the medium-term correction is far from over," said Stephen Shobin, technical analyst at Lehman Brothers, who believes the market could be pushed lower, perhaps as low as Dow 9,000.