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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (26965)11/17/1997 12:38:00 AM
From: Bill Jackson  Respond to of 35569
 
Marcos, turmoil approaches. BOJ is selling treasuries as part of a bail out for some damaged lender banks on real estate. That large negative position still has to unwind. As they sell treasuries this will stabilize interest rates and boost the stock market?, is that how it goes.

Bill



To: marcos who wrote (26965)11/17/1997 2:20:00 AM
From: Bob Jagow  Respond to of 35569
 
BOJ may well sell our bonds, but for a different reason per todays Baron's, which says they will have to cash them to pay for their proposed bank bailout.