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To: Gottfried who wrote (17382)	11/4/1998 12:31:00 PM
From: James Fulop	Read Replies (1) \| Respond to of 42787

To anybody: Last week's Business Week had an article on the Fed.. "One ominous sign is the persistent anomalies in capital markets. Consider a gauge that Greenspan watches: the difference in yield between the most recently issued 30-year Treasury bond and the ''off-the-run'' bond, or those issued just months before. Typically, off-the-run bonds yield 5 basis points more than new issues. But in the credit-market panic after Russia's default, that premium shot up to 34 basis points, as traders refused to hold anything but the most liquid securities. The premium has narrowed a bit, to 18 basis points. But Greenspan figures the markets can't be deemed healthy until the off-the-run spread is back around the normal 5-point premium." Does anybody know where I can monitor that spread? Any free bond sites that would have that info? Thanks