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XLF, Banking and Financial Sector Stocks: Here's a rhetorical question -- with the 30-year rate breaking


  1. Rande

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Top 1.   Jan 12, 2000 7:57 AM

» Rande - Here's a rhetorical question -- with the 30-year rate breaking

Here's a rhetorical question -- with the 30-year rate breaking 6.7% earlier today (back down below now), why would the bank and financial stocks be rallying the way they are this morning? Big money looking at a potential peak in long rates? Bill Gross (PIMCO, Harbor Bond, Frement Bond, etc.) upped his "buy level" to 6.75% recently from a previous 6.4%. When he starts buying there will be a shipload of money behind him.

-- posted by Rande


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