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To: UnBelievable who wrote (250271)7/15/2003 6:32:33 PM
From: Haim R. Branisteanu  Respond to of 436258
 
think international - invested in NZ, AU EZ etc. bonds for higher rates sell short short maturity US paper - buy as an hedge US treasuries.

Now the US part falls apart and I need money to cover ...... sell bonds overseas and buy USD to cover / close US loss



To: UnBelievable who wrote (250271)7/15/2003 7:07:53 PM
From: Haim R. Branisteanu  Respond to of 436258
 
Just forgot to mention that Canada lowered interest rates which also triggered some repatriation of carry trades from many commodity related currencies