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To: John Hunt who wrote (15434)	4/14/1998 5:52:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

Large T-Bill Block Sold by N.Y. Fed - Customer Was Bank of Japan, Traders Say washingtonpost.com << At 9:45 yesterday morning, the New York Federal Reserve Bank sent out an unusual electronic message asking traders for bids on the biggest block of U.S. Treasury bills ever sold at one time on behalf of a customer. Although the Fed did not disclose the identity of the seller of $12.1 billion in short-term Treasuries, many traders instantly agreed it was probably the Bank of Japan, which has been aggressively buying yen in international currency markets to support that currency's value against the U.S. dollar. >>