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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Qualified Opinion who wrote (79022)1/23/2008 8:18:25 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
Yes, 50 bp. is guaranteed, and the market gives more than
a 50/50 chance for a 75 bp. cut this January. However,
it may not help some companies, who will pay 10% or so.
The Fed cut 175 bp, the spread went from 300 to 600.
Net-net a 125 bp increase, not counting spread of libor
over the Fed funds.