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To: Follies who wrote (30456)5/2/2000 10:58:00 AM
From: pater tenebrarum  Respond to of 42523
 
Dale, if the IRX was a stock, i'd buy it...:)

seriously, the ST rates are generally under more and more pressure as it becomes clearer that the tightening cycle is far from over.

note that the disinflation mindset is very entrenched...just as the markets in the early 80's didn't want to believe that the back of inflation had been broken decisively, they now refuse to believe that it might make a comeback.