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To: tradermike_1999 who wrote (10935)	11/1/2001 11:01:55 AM
From: LLCF	Respond to of 74559

Mike, nice to see someone addressing this statistical 'joke' finally: Message 16590874 Better [somewhat] late than never. DAK

To: tradermike_1999 who wrote (10935)	11/1/2001 11:11:22 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 74559

And if the desperation move doesn't work? what next.... The rationale seemingly was that it made sense to retire the 30year because of the "surplus"....

To: tradermike_1999 who wrote (10935)	11/1/2001 11:57:01 AM
From: Cogito Ergo Sum	Respond to of 74559

Yep, take the battery out of the smoke detector...;o)

To: tradermike_1999 who wrote (10935)	11/1/2001 3:19:02 PM
From: Gemlaoshi	Read Replies (2) \| Respond to of 74559

Tradermike, It makes sense to drop the 30-year bond ONLY if the Treasury can also eliminate some of its long-term obligations. Matching maturities of assets and offsetting liabilities (or hedging them) is at the root of investment management in the insurance industry. The current slope of the yield curve always entices one to move down the maturity curve. However, as the Savings and Loan industry illustrated so well only a decade ago, it is eventually financial suicide to continue to borrow on the short end of the curve to finance obligations on the long end of the curve!! Dave