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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (3163)12/7/2001 12:48:29 PM
From: Robert Douglas  Read Replies (5) | Respond to of 3536
 
Sam and everyone,

What do you make of this dramatic drop in bond prices recently. We have backed up about 100 bp on the long end.

This will likely put a screeching halt to the refinancing of mortgages and a damper on construction.

Does anyone else think that this increase in rates is a bit premature?