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Been giving my historical charts a real workover this weekend. Aside from
the usual price analysis of bonds, I use this chart to give some indications
regarding the likely movement of rates. Because the data is based on
comparing the Fed Funds rate to 2 year Treasury Note yields, it tends to
provide some leading information in the direction of long term interest
rates. The current relationship suggests a measurable rise in long term
rates.
Attachment Converted: "c:\eudora\attach\INT2YRFF.gif"
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