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To: patron_anejo_por_favor who wrote (92080)	4/10/2001 3:11:30 AM
From: XBrit	Respond to of 436258

And a short excerpt about AMZN from today's Market Rap. "In the early going, much was made of Amazon. One of the first things I did was to check Amazon's bonds, thinking that if there was something really fundamental afoot, the bonds ought to do a little bit better. And, lo and behold, the bonds were basically unchanged, such that the Amazon 4 3/4s of '09 were trading at about the lows that they've seen recently, which is about $0.35 on the dollar, priced to yield just under 23%. Obviously, if there's something really important going on with Amazon from a fundamental perspective, it's news to the fixed income holders. So, I believe that what we saw today was largely a short covering rally in Amazon".