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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (28890)	4/24/2000 10:49:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 42523

more hedge fund rumors... The market also is awaiting news from Moody's Investors Service on whether it plans to downgrade Japan's credit rating. Moody's head of sovereign risk Vincent Truglia is due to speak in Tokyo on Thursday and dealers have drawn the conclusion that the agency is ready to announce the result of its review of Japan's yen-denominated debt rating. Most expect the two month-old review to result in a single-notch downgrade of Japan's Aa1 rating, which could discomfort the yen. Dealers also reported rumors a well known hedge fund has been building a long dollar/yen position in the hope of benefiting from just such an outcome.