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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (18311)	5/7/1998 5:10:00 PM
From: Lee	Read Replies (1) \| Respond to of 50167

Ike, Thanks very much but I think it's just common sense. US debt has been mostly well bid at the auctions and when demand is good and stable and supply decreases, that usually means higher prices. We always have the pulls in both directions, one from the strong economy and one from the weak Asian economies, but now the pull to lower rates has the additional power of decreased supply. That's one of the reasons I thought we would stay in our rate channel. Regards, Lee