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TREND1

06/09/04 3:34 PM

#255512 RE: Zeev Hed #255501

Not before November 2004 will they go 3/8 at a time.
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Burk

06/09/04 3:36 PM

#255516 RE: Zeev Hed #255501

Zeev, do you see a bigger retrench in here now before a run to 2040?
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Ace Hanlon

06/09/04 3:39 PM

#255527 RE: Zeev Hed #255501

Zeev:


How fast the Fed tightens is very much an open question.