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

To: Knighty Tin who wrote (76114)	2/18/2000 1:06:00 PM
From: Oblomov	Read Replies (1) \| Respond to of 132070

MB, I'm trying to understand the yield curve mess. Note, 1 yr yield is now > 30 year yield Inverted by any standard, right? Then why is this inversion dismissed as an issue of "supply and demand", as if prices are not normally an issue of supply and demand? Does the long bond not matter anymore? If so, will the doubters be convinced when the 1 year yield surpasses the 10 year yield, or will the 10 year bond not matter at that point?

To: Knighty Tin who wrote (76114)	2/18/2000 3:36:00 PM
From: sammaster	Read Replies (1) \| Respond to of 132070

why would anyone be buying the 30yr bond right now instead of the short term bonds? the shorter terms yield more and u dont have to hold as long.... samir

To: Knighty Tin who wrote (76114)	2/18/2000 4:10:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, Since jawboning didn't get the market response that Blabby and Batinhisbelfry wanted, I would expect that we will see plan "B" this weekend or early Monday morning. Expect more jawboning, but this time it will be accompanied by some spin of the facts in order to make the case and a shift in the recommended allocation away from cash and towards stocks. Wayne