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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: TigerPaw who wrote (287473)8/18/2002 12:00:46 AM
From: Lazarus_Long  Read Replies (2) | Respond to of 769667
 
You might not have noticed in the late 90s, but even as the fed-bank rates went up, long term bond rates often went down.
quote.yahoo.com^TYX&d=c&k=c1&a=v&p=s&t=5y&l=on&z=m&q=l
What happened in late '98 and all of '99? Did Slick have to buy some silence? Or did the fed rate hikes take a while to take effect?

That 30-year bond doesn't appear to me to be a good proxy for other interest rates. For example, mortgage rates moved up with the fed hikes and have come down with them. They're now around 40-year lows. I buy and sell corporate bonds on occassion. They also tend to follow the fed.

Why do you think the dollar is falling?
Because a lot of foreigners who thought that Wall Street was paved with gold found out it is no better than their bourses. And because the corporate scandals have made them wary.