Word: bonds
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Dates: during 1990-1999
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TIME: Apart from the sex, what was the bond...
Lewinsky: I think it was a bond that in some ways can't be explained. I don't know how to explain it, except that I was instantly comfortable with him. There was something familiar about him to me. I think it's amazing when someone will come into your life and you have a special connection with them. I know he had remarked to me that we both had fire in our belly. And to me that's passionate. And passion has its good side, and passion has its bad side. And I think that we're both extroverted...
...holding a variable-rate loan or need to borrow now, you may well ask why. You will not be happy with the answer. Wall Street, of course, is ground zero, but don't go looking for logic there. All you'll find is a bunch of paranoid bond traders with more worries than a Woody Allen character. It is these traders who have decided that the prices you pay for gas, Wheaties and SUVs are about to start shooting higher, and so they are selling bonds--driving up bond yields--in what amounts to a demand that they get paid...
...economy should turn in a solid year of 2.5% to 3.5% growth, Sinai notes. As we've been hearing (but not seeing) for much of the '90s, sustained growth leads to rising wages, which lead to higher prices and, ultimately, higher interest rates. For the umpteenth time, bond traders say we have reached the point at which all that nastiness commences. But they're really just reading tea leaves, projecting what is famously difficult to project. For inflation to take off, Japan and the rest of Asia will have to wake from a deep sleep before Europe...
...short, 30-year Treasury-bond yields spiked as high as 5.69% last Thursday, from 5.08% at the end of January, because some bond traders think--yet again--they just might see a possible uptick in inflation at some point in the undefinable future. Might happen. Might not. I view this skittishness as merely the latest pendulum swing in Wall Street's obsession with inflation. It will swing the other way soon enough. In fact, the T-bond yield fell to 5.59% Friday. Still, we have to live with bond traders' anxieties, and for now that means higher mortgage and other...