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To: patron_anejo_por_favor who wrote (34628)3/20/2002 1:35:05 PM
From: GraceZ  Read Replies (3) | Respond to of 209892
 
Bill's premise rests on the dubious assumption that long rates are based on supply and demand (that if the FED raises short rates it'll push guys like him out of the roll down game into long bonds lowering the yield by raising the price), when in fact long bond rates are set by expectations for inflation.