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To: Jerry Olson who wrote (6005)10/9/1998 11:04:00 AM
From: B.REVERE  Read Replies (1) | Respond to of 44573
 
Jerry, hedge fund liquidation is going on the last week because
the fed DID lower rates. Another fed tightening now will accelerate
the bond selling, driving UP rates. This creates a buying opptnty.
for those seeking safe havens from the volatility in long bonds
above 5%. Guess what their selling to buy those bonds?

Later,

BR



To: Jerry Olson who wrote (6005)10/9/1998 12:33:00 PM
From: NickSE  Respond to of 44573
 
...Former Fed official Angel joined the call for ease, telling clients Thursday that he expects an easing within two weeks...

Message 5970739