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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (4809)	10/25/1999 11:22:00 AM
From: Mao II	Respond to of 12663

K: Noooo. Verrry worrisome, but it will come back down a few ticks, I think. Picked up some PVSW, tho, to add to my list of the beaten up and bashed. Waaaaaay overdone, if you consider the upside. Watching HIFN, too. M2

To: Kenya AA who wrote (4809)	10/25/1999 12:31:00 PM
From: Mao II	Respond to of 12663

K: Bonds continue to deteriorate. M2 cbs.marketwatch.com No relief for Treasurys Sellers galore in bond market By Julie Rannazzisi, CBS MarketWatch Last Update: 10:20 AM ET Oct 25, 1999 Economic forecast Banking stocks NEW YORK (CBS.MW) -- Sellers invaded the bond market in early trading Monday, with long-term issues hit the hardest as the market braces for key economic news later in the week. The 30-year bond tumbled 1/2 to yield 6.39 percent. The 10-year, meanwhile, fell 10/32 to yield 6.244 percent. The 5-year was off 3/32 to yield 6.141 percent. The 2-year shed 3/32 to yield 5.959 percent. The discount rate on the 52-week bill was up 3 basis point at 5.23 percent. In the futures pit, the December Treasury bond contract dropped 10/32 to 110-19. The spread between the yield on the 30-year bond and 2-year note widened to 45.1 basis points from 43.5 basis points at the previous close as long-term issues bear the brunt of the selling pressure. Meanwhile, the spread between the yield on a 10-year note and 30-year bond rose a smidgen to 14.9 basis points from 14.6 basis points at the close Friday. The market's expectations for a third Fed tightening in November has ranged within a 65 percent to 75 percent chance over the past weeks. But this week's data may clinch a rate hike, observers say. In fact, if Thursday's third quarter employment cost index prints at higher-than-expected levels, the market will believe that another nudge up in rates is assured. On the other hand, a neutral reading will by no means remove the Fed from the picture. In economic news due out Monday, September existing home sales will see the light. See economic calendar and forecasts and historical economic data. In the equity market, shares were mixed. The Dow Jones Industrial Average fell 75 points while the tech-stuffed Nasdaq added 0.3 percent. See Market Snapshot and international indices. In the commodity arena, December crude rose 8 cents to $23.53. The Bridge/CRB index, meanwhile, fell 0.26 to 204.16. See latest commodity prices. In currency markets, the dollar added to the Treasury market's distress as it struggled against the yen and the euro. Dollar/yen was recently changing hands at 105.40, off 0.4 percent from the previous close. The euro, meanwhile, rose 0.1 percent against the dollar to 1.06870. See latest currency rates.