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To: SeaViewer who wrote (98346)4/27/2001 1:58:56 PM
From: NOW  Read Replies (2) | Respond to of 436258
 
The whole slew got whacked. I think its only the start.
Now some of that is inflation fear, and some selling bonds to buy equities. But there is no question that bonds are going the wrong direction here.



To: SeaViewer who wrote (98346)4/27/2001 2:21:37 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<5- and 10-year bills got whacked today. That's usually not good for mortgage rates>>

FWIW, I think mortgage rates made a long term bottom. Given the fundamentals, and the current speed of printing, the long term trend is up. Home builders may be a good short once the current momentum is exhausted.....



To: SeaViewer who wrote (98346)4/27/2001 3:13:29 PM
From: rolatzi  Respond to of 436258
 
Increased interest rates will take the the legs out from under the strongest sector of the economy,
namely housing. If indeed this is a bottom in interest rates, housing starts, furnishings, etc. will begin to suffer. If the high tech slowdown is prolonged, these two legs will meet sometime toward the end of the year for a real recession.