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To: Patrick Slevin who wrote (41460)4/27/1998 11:07:00 AM
From: Hawk  Read Replies (1) | Respond to of 58727
 
Bonds still moving lower, forget any rally till bonds turn
around.

H.



To: Patrick Slevin who wrote (41460)4/27/1998 11:16:00 AM
From: Lee  Read Replies (1) | Respond to of 58727
 
Patrick,...Re:<<The bond close should have a key to the last hour.>>

FWIW - Bonds have been trading in the range of 5.73 to around 6.1% for '98. The 5.73% was the overly optimistic view that the Fed would have to ease because of a perceived slowdown from SEA, decreased supply to market and balanced budget. The high side is reached primarily on prices paid components from the NAPM as well as annual wage gains from the monthly jobs report. The spike is the Feb. jobs report.
bigcharts.com
Regards,

Lee