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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (726)	9/29/1998 2:20:00 PM
From: N	Read Replies (1) \| Respond to of 3536

Robert! Thanks for the geekness! Otherwise I think I'm just an ordinary sort of idiot! And I have not a clue...just a half a**'d comment every once in awhile. No doubt HenryV has a more mature, sophisticated approach/opinion... But what a moment, no? Hell, I don't even believe in heart of hearts the fed should muck around with interest rates...but the reality is that they do... Well, we need only hunker down and wait just a little more... And maybe check cbot and merc sites...for entertainment ...hark, was that .25 just heard from CNN Nancy

To: Robert Douglas who wrote (726)	9/29/1998 3:05:00 PM
From: Henry Volquardsen	Respond to of 3536

Robert, The whole treasury curve, all the way out to the 30 year is forecasting significant further easing. Now I believe some of that is because of the pressure being exerted by LTC type positions; mortgage holders etc. However the 2 year note is trading significantly below fed funds and would argue the market has a lot of easing in its future. FWIW I think the market is wrong and we won't see more than another 50 bp beyond what we got today. Henry