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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (2261)	6/27/2003 2:09:05 PM
From: Les H	Read Replies (1) \| Respond to of 49779

Minus yen rate may mean bad news for US treasuries sg.biz.yahoo.com extract: A plunge in Japanese interest rates deeper into negative territory on Friday could spell more trouble ahead for the volatile U.S. Treasury market as it suggests Japanese investors are having trouble raising dollars. A surge in demand for dollars by Japanese banks in the currency swaps market, combined with reluctance of foreign banks to borrow yen, pushed down the euroyen overnight rate in Tokyo to as low as minus 9.0 percent -- a world record negative rate.