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To: clochard who wrote (82384)	1/5/2000 12:24:00 PM
From: Cynic 2005	Respond to of 86076

Me thinks that it is the Feds who will get the big shaft from the bond boyz. Not the other way around. The fed clowns will be destroyed by the bond bearers who can't bear it any more! -g-

To: clochard who wrote (82384)	1/5/2000 12:37:00 PM
From: Ken98	Respond to of 86076

Larry's doing his part too: <<US Treasury announces deposit for $1.714 billion Wednesday By Bridge News Washington--Jan 5--The US Treasury Department said Wednesday it will deposit $1.714 billion Wednesday and $825 million Thursday in tax and loan note accounts of participating banks. * * * Wednesday's figure represents 12% of the total amount banks can accept for investments with same-day's notice. Tuesday's investment represents 5% of the total amount banks can accept for investments with one-day's notice. Treasury also said it deposited $10.114 billion in tax and loan accounts of participating banks on Tuesday. End>> Also: <<Fed funds were again spending the morning below target, last at 5.4375%, and that helped general collateral borrowing costs stick close to Tuesday levels. GC was last at 5.45%, virtually unchanged from Tuesday.>> If funds are below target to this degree, why do that big repo? I think we know the answer to that...