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To: Lee Lichterman III who wrote (37189)	1/11/2000 10:17:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

oops .. forgot: <G>

To: Lee Lichterman III who wrote (37189)	1/11/2000 12:23:00 PM
From: Cathedra	Respond to of 99985

<LOL! Anyone know why the bond and dollar are headed down? I see there was another bond repo, is that it?> Tuesday January 11, 9:46 am Eastern Time Fed says drains reserves via 2-day matched sales NEW YORK, Jan 11 (Reuters) - The Federal Reserve said it drained reserves from the banking system on Tuesday through a round of two-day matched sale-purchase agreements. Federal funds were trading between 5-11/16 and 5-3/4 percent at the time of the operation, according to Garban-Intercapital, above the Fed's 5-1/2 percent target for the rate.