EXCERPTS FROM MARKZ
MZ: On the bond side…There are lots of meetings coming this week. I believe we may have the anser as to whether bonds will go now or wait until a day or two after the election? All eyes are on the 23rd. Many bond holders have updates and bond meetings on the 23rd.
MZ: Groups have been aggregating Asian bonds….For them to be paid they have to start paying the German bonds.
Member: I thought German bonds were done last week ?
Member: Don’t we have to have a rate change in order for the bonds to be paid?
MZ: It depends on what kind of bonds and who is buying them …Some will need a rate change, and they will go after we start going to the banks. But most are paid with historic funds that are already in place.
