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To: Les H who wrote (11455)4/19/1999 6:30:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Market News of the Weird

US Treasuries often dip after Boeing rally -expert

NEW YORK, April 19 (Reuters) - Last week's rally in Boeing (BA - news) stock could spell trouble for U.S. Treasuries if history is any barometer, an analyst at an Austin, Texas-based financial data and research firm said Monday.

Whenever Boeing stock rallies more than 10 percent over a three-day period and Treasuries slide on the final day -- an event that has occurred 15 times since 1978 -- 10-year note yields have risen more than 30 basis points on average over the next month 73 percent of the time, said Bill Noble, chief strategist at LIMresearch.com.

Boeing rallied 14 percent from last Wednesday through Friday, he said. Treasuries ended lower Friday, with the benchmark 30-year bond's yield rising to 5.57 percent from 5.53 percent on Thursday.