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To: Stitch who wrote (15565)4/27/1998 11:19:00 AM
From: Zeev Hed  Read Replies (2) | Respond to of 18056
 
It seems that the long bond has broken down through a major resistance at 6% and we should expect a run to about 6.375%. That will remove one of the support legs of this market. Liquidity, however, is still rampant, and I for one, do not think the Feds are going to tighten. So, this decline is just a refreshing break, IMHO.

Zeev