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To: pater tenebrarum who wrote (112331)	7/15/2001 11:24:41 PM
From: John Pitera	Read Replies (1) \| Respond to of 436258

Great data points Heinz, Tom Baldwin must be looking at the same things you are, as he's gone back to the pits trading the 10 year note. dailynews.yahoo.com .....When Baldwin left the trading floor a year ago, he had planned to return after a few months even though the outlook for the CBOT Treasury futures complex was bleak. The Federal Reserve (news - web sites) had just finished its 1999-2000 campaign of raising U.S. interest rates, and the U.S. Treasury was issuing fewer 30-year bonds and had even started using the nation's budget surplus to buy back old 30-year debt. It seemed that there was ``no need to hedge,'' Baldwin said. ''It got really dead in the 30-year bond pit, so I figured I'd just take some time off.''........ ....But now, with the Fed back in the picture cutting U.S. interest rates and the possibility of inflation lending volatility to credit futures, Baldwin said it was time for him to come back. He also said he has a new attitude and a different mental preparation after being off the floor.