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Covering Yen carry trades. Borrow Yen - Buy Dollars, Buy Bonds. They have
flocked to this trade like lemmings over the last several years
At 02:41 PM 10/8/98 -0500, Robert W Cummings wrote:
>
>Cnbc said had a bond trader on and he said huge orders from hedge funds is
>what caused the collapse today.
>Hedge funds Liquidating to cover stock positions?
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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