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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (12275)	3/6/2000 5:31:00 PM
From: sea_biscuit	Respond to of 15132

Well, I saw a chart on CNBC(?) comparing the Russell 2000 vs. (Russell 2000 minus the techs). The latter was almost flat, or maybe even a little down.

To: Wally Mastroly who wrote (12275)	3/7/2000 9:43:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

U.S. Treasury sets $1 bln debt buyback WASHINGTON, March 7 (Reuters) - The U.S. Treasury announced on Tuesday it would buy back up to $1 billion in U.S. government debt in its first move to exploit rising surpluses to cut its trillion dollar debt pile. The buy back is the U.S. government's first in 70 years, and targets 30-year bonds maturing between February 2015 and February 2020. Treasury said it would purchase the debt through open market operations performed by the New York Federal Reserve. The operation date for the transaction will be March 9. The settlement date will be March 13. Treasury announced plans in January to buy back up to $30 billion this year in an attempt to cut interest payments on the $3.3 trillion it has in publicly traded U.S. Treasury bonds. A second buyback by Treasury is expected later this month. The government posted back-to-back surpluses of $69 billion and $123 billion respectively in fiscal 1998 and fiscal 1999. Surpluses are forecast to continue until about 2010, making debt buybacks possible for the first time since 1930. Previously, the U.S. government has used other methods to retire debt, including debt exchanges in the 1960s.