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To: nihil who wrote (72460)10/16/1998 3:48:00 AM
From: Aaron Cooperband  Read Replies (1) | Respond to of 176387
 
Nihil -

Re: "Much better to run it on a 3 or 6 month basis (bigger spread than 10 or 30 year) and buy enough future yen to repay your borrowing ("covered Yen/Dollar interest arbitrage"). If you can't see a planned profit, forget about it and wait till the spread opens up. "

This trade is continuously monitored by FX dealers in Japan. Mere mortals such as us cannot hope to profit by it.

Aaron