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To: Softechie who wrote (4642)	1/8/2003 4:42:44 PM
From: Softechie	Respond to of 29600

3:09 (Dow Jones) The fiscal chickens are coming home to roost in the Tsy market, vindicating global fund managers who have positioned to garner returns from non-U.S. debt. Some believe Bush plan will push European investors further out of Tsys, while also giving Japanese accounts cause for concern. Japanese investors "reason that (Bush) is trying to support the stock market at the expense of the bond market,", notes Marshall Gittler, a currency strategist with Deutsche Bank in Tokyo. "Since Japanese (investors) overwhelmingly hold U.S. bonds, not stocks, they don't like the idea." (JNP/GMM)