Long bond tops 6%

[Greg Nowell]

30-year apparently topped 6% at some point though when
I checked before postigin it was a 5.98 (it constantly
varies anyhow, and the day's close is just that, what
it is when the market closes).

This is significant.  Long rates are almost back to
where they were before the Asian crisis.  Signs of an
economic slowdown will probably occur in the next 6
mos.  If you were thinking that "mortage rates are good
and I should get a house"--well, mortages are better
than they were in the 80s and by those standards are
good.  But you've missed a trough in interest rates.
-gn.

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298