Re: financial news

[SOncu@xxxxxxx]

>Also, the story says Treasury bonds are getting
>scarcer because "current projections" say the national
>debt will be virtually retired by 2010, but doesn't
>explain how this can be on the new, new, disappearing
>surplus current projections. ...

Believe it or not but I hate the idea that the US Treasury bonds may get scarcer, not that I believe they will any time soon. The US Treasury market is such a dense market with bonds from such a wide range of maturities (there are roughly 140 or so of them in these days) that it is the darling of those who estimate term structures, of course, for the benefit of humanity. Someone should tell the US Treasury that the well-being of humanity (well, at least, the well-being of me) depends on their issuance of more debt, from all maturities. It would be much nicer if they issue a 20 year bond regularly and I used to like that 4 year bond that they stopped issuing some years ago a lot. It used to help keep the curve "smoother".

There is nothing like self-interest as they say: with its help, we wish and do things that naturally will also benefit others.

Sabri