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To: Steve Fancy who wrote (66876)9/23/1998 1:12:00 PM
From: Lee  Read Replies (1) | Respond to of 176387
 
Steve,..Re:The question is how much of a rate decrease is built in, if any.

According to some folks, 75 basis points are already priced in.

biz.yahoo.com
U.S. MUNICIPALS -- Soft, debating easing scenarios

While Treasuries already appear to have factored in at least a 75-basis point ease, another trader said that market might fare much better than stocks if the Federal Reserve does not loosen monetary policy because the safe-haven buying from investors rushing out of shaky overseas markets shows little sign of cooling.