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To: IceShark who wrote (18940)2/10/1999 3:34:00 PM
From: Cynic 2005  Respond to of 86076
 
<<That was meant as derisive joke, my friend. >>
I know. That's how I saw. I thought Pusky and Pesky rhyme and so I tried a cheap pun? You got to remember, "English is YOUR language, I am just trying to use it. That's all!" (Victor Borge) -g-



To: IceShark who wrote (18940)2/10/1999 3:35:00 PM
From: MythMan  Read Replies (1) | Respond to of 86076
 
>>That was meant as derisive joke<<

Oh, like some of your trades.-g -..Mighty MythMan not a buyer today



To: IceShark who wrote (18940)2/10/1999 4:26:00 PM
From: Cynic 2005  Respond to of 86076
 
Wednesday February 10, 3:37 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

US Treasuries down sharply after rebound bid fails
By Kathie O'Donnell

NEW YORK, Feb 10 (Reuters) - U.S. Treasuries pared long-end losses briefly with help from a better-than-expected 10-year note auction, but slumped back near their lows by the end of futures trading Wednesday.

The auctioned notes, which bore 9-3/4-year maturity because the government reopened the November issue, were sold at a high yield of 4.913 percent. Traders had forecast a yield between 4.93 percent to 4.95 percent.

''It was fine,'' James Kochan, a first vice president and bond market strategist at Robert W. Baird & Co., said of the sale. ''It was not a huge cover, but it was adequate and it was priced about right. ''

The bid-to-cover ratio was 2.04.

Bonds started to cut losses after the auction results were announced, but by shortly after the 1500 EST/2000 GMT futures close they were down 21/32 at 98-19/32 to yield 5.34 percent. The bond's price hit a low of 98-15/32 earlier in the day.

Two-year notes were down 1/32 at 99-16/32 to yield 4.77 percent.