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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (5579)	4/22/1999 1:47:00 PM
From: flatsville	Respond to of 9818

zdnet.com

To: Hawkmoon who wrote (5579)	4/23/1999 9:53:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 9818

Another No Duh!! just slapped me in my stupid face revealing one more impact that Y2K has had on the bond markets.... An analyst on CNBC was being interviewed by Kathleen Hayes on the topic of why T-Bills rates are so high and why so many corporations are moving up their bonds offerings. In sum, T-Bills have been facing unexpected competition from stepped up offerings of corporate debt. Companies there had been planning to make debt offerings for their bonds in the second half of the year are now making those offerings in the first half. The result has been a less than strong demand for US T-bills keeping rates high and sparking belief that Fed is about to hike rates out of fear of inflation while the Fed probably fully realizes that there is inordinate short term competition in the govt bond markets. Regards, Ron