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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (10899)	10/29/2001 9:27:07 PM
From: LLCF	Read Replies (3) \| Respond to of 74559

It sounds to me like they're simply bluffing or attempting manipulating the market [nothing sneaky mind you, everything is out in the open]... you can't buy back treasuries for long when you have no surplus. Now, I suppose you can "play the yield curve"... keep buying back those longer ones and sell bills. Seems to me, as Ross Perot pointed out when running for president, a really stupid way to run a company. In any case, it won't last long, IMO the long bond is a fantastic short as a long term investment. DAK