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To: Michael Burry who wrote (6491)12/11/1997 9:17:00 AM
From: Roader  Read Replies (3) | Respond to of 9124
 
A tiny bit of pos news.

The bellwether long bond had jumped 1 1/8 points in the session. That sharp
gain has succeeded in driving the yield on the long bond below the 6% level. The
bond's yield has slipped to 5.98%.

That should be good news for stock market investors. Lower interest rates can
function as an offset to the debilitated global economy, analysts said. But the
improving character in the bond market is going to provide just wan relief to
investors focused on the global economic crisis and the apparent skid in
fourth-quarter profits.