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To: Defrocked who wrote (6693)9/22/1998 11:19:00 AM
From: Joseph G.  Respond to of 86076
 
but they're pumping already
<<Fed Says Buying Tsy Coupons From 09/30/98 To 08/31/99, Delivery Wednesday>>



To: Defrocked who wrote (6693)9/22/1998 11:58:00 AM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
spread is - 25 bp now ...



To: Defrocked who wrote (6693)9/22/1998 1:13:00 PM
From: Investor2  Respond to of 86076
 
RE: "This spread [10yr/3mo interest rates] has not been negative since last recession and may even be a topic at next Fed meeting given its forecasting history."

Do you have a link to a chart that shows this relationship?

Thanks,

I2

P.S. The Fed can watch long bond rates decline for only so long.