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Zeev Hed

09/08/03 11:14 PM

#149253 RE: goodluck #149252

Only if rates increase markedly...the 30 years bonds was a way to lower the cost of money, Rubin cancelled it because he was running a surplus (or was going to) and rates were coming down. Now that rates are coming up, oferring 30years treasuries with a lower coupon than 10 years might be the short term band aid type of policy the government is opting for quite often.