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To: Janice Shell who wrote (1890)12/5/1997 5:13:00 PM
From: Joseph G.  Read Replies (2) | Respond to of 2563
 
J,

If you sort a bond taht pays 1%, all in Y, and get US$ funds that can give you and your broker 5.5% in US$, it's a good deal. It includes shorting Y, plus interest rate differential. Too bad your broker will most likely cheat you of all, or most of US$ interest, but, @ least, they'd like you for providing them with the opportunity to cheat you.

J+


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