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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: nextrade! who wrote (50340)3/7/1999 1:13:00 PM
From: Knighty Tin  Read Replies (4) | Respond to of 132070
 
Next, I think the bond yield will be about 6 1/4% in a year and 8 1/2% in 2 years. After a slow start, the Euro will catch on and the dollar will decline against it. I don't think the Japanese can afford to pretend to be Americans for long and print their way out of trouble, so I expect the Yen at 100 to the buck by year end.

But, as I've often said, the game is not in the Treasury market. The real game is in the bloated corporate market, where co. debt keeps rising and spreads above Treasuries are still looking awful. I think that is likely to get worse, hurting corporate eps and investment even more.

MB