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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kailash who wrote (74223)	4/5/2001 8:45:17 AM
From: Haim R. Branisteanu	Respond to of 99985

Will see by tomorrow IMHO. The IRX is now at 39.70 predicting below 4% fed funds if it stays his way, and the treasury curve is stepening again which indicates a recovery 6 months from now. Haim

To: Kailash who wrote (74223)	4/5/2001 9:07:48 AM
From: Haim R. Branisteanu	Respond to of 99985

The Bank of England reduced interest rates for the second time this year as evidence mounted that a slowdown in the U.S. economy is curbing U.K. growth. The quarter-point cut in the securities repurchase rate took the amount charged for loans to commercial banks to 5.5 percent, the lowest level in 16 months. Economists expected the move. Falling U.S. stocks have dragged down the U.K.'s FT-SE 100 Index by 10 percent this year, eroding people's wealth. With the world's biggest economy close to recession, British manufacturers reported declining orders and production in March, a report this week showed. The U.S. buys 15 percent of U.K. exports. quote.bloomberg.com