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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (33162)	11/6/1998 8:12:00 AM
From: Kip518	Read Replies (1) \| Respond to of 94695

(from today's WSJ) In a startling sign of the poor state of the Japanese banking system, the yield on Japan's six-month Treasury bills fell into negative territory for the first time ever. The situation is a rare one in the global bond markets. Although interest rates in Japan have been razor thin for several years, the move to a negative interest rate marked a new low for the Japanese financial system. A similar negative yield for U.S. government securities was seen during the Depression, amid worries over the stability of the U.S. banking system. ..... interactive.wsj.com (subscription required)