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To: Win-Lose-Draw who wrote (128135)1/16/2006 8:48:41 AM
From: robert b furman  Read Replies (1) | Respond to of 209892
 
Hi WLD,

Do you then believe the purchase of 30 year treasuries is about to be the worst purchase possible for decades?

Interesting that there seems to be global demand for them?

Any thoughts on why this is - Europeans say it is pension fund demand??

Bob



To: Win-Lose-Draw who wrote (128135)1/16/2006 9:08:11 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
LOL! I was thinking the exact same thing as I was reading all the "inversion press" these past few weeks and the recent exchange between you and Mish.

I thought to myself that the debate is likely about to become moot.



To: Win-Lose-Draw who wrote (128135)1/17/2006 1:52:12 PM
From: mishedlo  Respond to of 209892
 
Put another way: the never-ending cover-story chatter about inversion will mark the bottom of the spread contraction.

Sure yield spreads will widen as the FED has to panic cut.

I agree with you.
It will just take a few months.

BTW, where is the cover story?

Mish