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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (6839)	10/1/1998 12:13:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 9980

Sam, frankly, I had a target of just under 5.25% before the end of the year, this target has long been taken out. If we go into a recession, I could see a low around 4.65% not much more. I think that we are going to bounce in the long bond to about 5.35% before we go visit the rates below 4.75%. You should know that bonds earlier this century used to yield 3% or so, and if we have no inflation (and a recession), they could get there again. Just my 2 cents. Zeev