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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (3106)	10/16/2001 12:04:13 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Generally speaking, with respect to securities exchanges, the specific terms of a block transaction are negotiated "upstairs" away from the exchange floor. Exchange rules govern the manner in which such transactions ultimately are brought to the floor for execution. Typically, a brokerage firm will arrange the block transaction for its customer. After receiving a customer's order to purchase or sell a block of securities, the firm must decide whether to contact the exchange specialist. By contacting the specialist, the firm can determine the prevailing price of the stock and as well as the needs of the specialist. If the specialist is interested in taking the opposite side of the entire block at a mutually agreeable price, there is no need to utilize the block trading procedures.

To: ahhaha who wrote (3106)	10/16/2001 7:04:53 PM
From: Mark Adams	Read Replies (1) \| Respond to of 24758

>>How? Sell more shorter-dated notes, such as two- and five-year maturities, and use the proceeds to buy back 10- and 30-year bonds.<< Quelle est la difference? They're just swapping one paper for another. Shorter duration. It's a long term bet by the governing authorities that future inflation and interest rates will remain low or go lower. Could be a psychology thing to game the markets. If the bet goes wrong, the tax payer picks up the tab in the form of higher interest costs in the future.