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To: Mohan Marette who wrote (62832)9/1/1998 10:44:00 AM
From: Lee  Read Replies (1) | Respond to of 176387
 
Hi Mohan,..**Off Topic**

Other eco indicators today were construction spending = 0.4% and LEI = 0.4%. Only thing the NAPM shows is continued slowing in the manufacturing sector which has been going on for some months. Also, during summer months, this sector sometimes shows slowing due to scheduled shutdowns. Otherwise, looks like we're sailing along smoothly.

BTW, looks like the floor traders (bonds) were trying to run the stops to get to 5.25% on rate but the low held at 5.264% and has now zoomed up to 5.313%. Strange action! Worse yet, CNBC may have reported cash bond wrong earlier according to their rate indication. Makes things more confusing.<VBG>

Regards,

Lee