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To: Defrocked who wrote (40623)	5/13/1999 9:03:00 AM
From: Defrocked	Respond to of 86076

That should read "tacking on another point for a 120 handle".

To: Defrocked who wrote (40623)	5/13/1999 10:55:00 AM
From: John Pitera	Respond to of 86076

I see that the japanese 10 yr JGB is at a 5 month low in yield...so rates are coming down their. And Brazil has had the second 2.5% rate cut in a week...so many see a stronger world outlook. I.D.E.A. Global Focus May 13 1999 9:05AM CST Archives... Brazil's interest rate cut should have markets throughout the region rallying Thursday. Brazil shaved its benchmark Selic interest rate by 2.50 percentage points to 27% Wednesday in a move to boost the sluggish economy. Low inflation figures and a stable real paved the way for the second 2.50 percentage-point cut in less than week. Rates jumped to 45% in early March shortly after the real devalued. The high rates successfully kept inflation in check and convinced investors to hold local Brazilian debt. Brazil's interest-rate cut should have bolsas and Brady bonds across the region rallying Thursday. Lower interest rates make loans more affordable and ease corporate debt payments. 'This is a really good sign for all of Latin America,' says Esteban Medrano, Latin America analyst at IDEAglobal.com. 'It shows Brazil thinks it's really out of trouble.' Brazil's Bovespa should rally to 12,525, from 12,275, in the short term while the Mexican Bolsa could climb to 5,940 from 5,877. Key US economic data out Thursday should have Latin American investors relieved. Players are worried that signs of inflation pressures building could prompt the US Federal Reserve to tighten interest rates to cool the economy. That would be especially bad news for Mexico. 90% of its exports are consumed by Americans. The Mexican peso could strengthen slightly, to 9.24 to the dollar, from 9.27. I.D.E.A. : Thu May 13 13:35:35 1999 [GMT] wallstreetcity.com