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To: Ron McKinnon who wrote (42521)	8/5/2002 3:44:43 PM
From: Larry S.	Read Replies (2) \| Respond to of 53068

BOND REPORT 2-year yield falls below 2% first time (my boldingd) By Rex Nutting, CBS.MarketWatch.com Last Update: 2:42 PM ET Aug. 5, 2002 NEW YORK (CBS.MW) - Treasurys rallied again Monday, driving yields below key psychological levels as stocks tumbled further. The yield on the Fed-sensitive 2-year note fell below 2 percent for the first time ever. The short end of the curve is rallying on renewed speculation that the Federal Reserve would cut its overnight interest rate target to prevent a "double-dip" recession.