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To: Mark Adams who wrote (253448)7/31/2003 9:26:38 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 436258
 
Mark,

How are you doing?

I suspect this rout in bonds has more to do with investors (gamblers) caught with mortgage backed spreads. I don't think it will be over until they are done selling no matter how high the rates go. If there is lock limit down it is generally hard to find buyers to take the inventory off your hands.

Interesting times.