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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (47402)	6/1/1999 4:06:00 PM
From: BRANDYBGOOD	Respond to of 90042

Splat! Plop! Pfzzzzzzzzle! Dow 10,300 by Friday. :0) [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire \| CCN ] Tuesday June 1, 3:38 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) US Treasuries crushed, mkt sees multiple Fed hikes By Steven Scheer NEW YORK, June 1 (Reuters) - Mounting expectations of multiple Federal Reserve rate hikes pummeled U.S. Treasuries early and often on Tuesday, sending yields across the board to new one-year highs in the market's worst sell-off in more than two weeks. Market players who enjoyed a long, warm, sun-drenched Memorial Day holiday weekend, returned to the gloomy reality of strong economic news and hawkish remarks from Fed officials. The combination sent Treasuries prices tumbling at the start of trade from which the market never recovered. At the 1500 EDT/1900 GMT futures close, the 30-year bond was down more than 1-3/8-points at 90-14/32, with its yield jumping to 5.94 percent from 5.83 percent at Friday's close. (Note: this article is ''in progress''; there will likely be an update soon.)