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To: NOW who wrote (34427)3/18/2002 6:20:34 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 209892
 
Needless to say, $50 billion of new bond offerings flushed into the market will tank bonds in general, and particularly corporates. Could get ugly in the bond pits tomorrow...<NG>

EDIT: I guess we found out why gold was flying today!<G>



To: NOW who wrote (34427)3/18/2002 7:30:50 PM
From: bcrafty  Respond to of 209892
 
davidd, thanks for the GE article

That might explain the lack of a big AH puke if it's being used only to retire short term debt.



To: NOW who wrote (34427)3/19/2002 10:42:34 AM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
Stupid Explanation Of The Day (From CNBS if Course)

"Long term interest rates are going up on their own and this may temper the Fed's need to raise short term rates."


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