Laserfiche WebLink
FACSIMILE COVEIt SH~ET <br />FROM; <br />Jan 21,1999 <br />Billy Wasaon, Marion County <br />Sandy Bull~ck, Vice President, Carporate Salea ~ <br />612 667-8910 fax 612 667-Z534 .- ~~ <br />Norwest Investment Services, Inc. ("NISI") is a registered brol~ <br />the NASD and SIPC. 1vISI is not a bank or t~rift and is s~para <br />any other aff7liated bank or thrift. NISI is solely reyponsible fo <br />and cammitments. Nondepoait investment products offered by <br />aro not bank deposits; aro not tlbligations of, or guarantoed by, <br />investment riJlcs, inctuding the possible loss of pr~ncipal investe <br />orders are <br />and yields are subject to <br />ai~ranct ~-znember of <br />m ~~.~airwest Bank of <br />:~n~:~act~t~t oblig~tions <br />~t~e~~~t ~IC in5ured; <br />~~; ~~ are sub~ect to <br />Ailly, <br />Thanks for your retuni fax a~id iuvestineiit direction. Tlie repo matur~s;an Frida~, l/21, so I was <br />~ able to malce some purcliases it~ the early part of tltie ladder iii comme~~~ p~~er•ta 5ett1e <br />toinonow. I have not executed ~ny of the Treasurles this morniit~~~ t~~'m~trket traded <br />stronger in overnight trading leading to a strongar opening tliis m~g i~~i~1i~e .prices, lower <br />yields than what was quatod yestorday (tho excoption boing, I was als~~;td: g~-t~£ter levels on the <br />commercial paper). Overseas ec~uity markets were wen.ker ~thd the operti~g ~t~'pw, ~+q'uity market <br />opened weaker due to Brazils currency struggles, at~d cash crunch co~p~tns -~t~! gf vt+hich causes a <br />flight to quality out of the ~quity markets and into U.S. Treast~ries. ~~t~o thv t~oa~ry mazkets <br />seem to day trade in all directions, I gtn going to wait to see if it ope~ts v~eaket tomorrvw thon <br />execute the trades. Traditionally in Ja~ntary and February we see pre~si.~re c~~ ttie Treasury <br />tnarkets as it is Japanese fisoal year end (they become a large seller tsf~~~suries~ ~.nd tho Treasury <br />Dept fuinounces its 1 St Quarter finruZCiiig iieeds with replaoemeiit of ~+~S.blri, ~ia;e~ t~at mature on <br />,;~; <br />2/15. Our predictions cail fdt a we~lcer inarket throiigh ti~e auction pe~~r~ .F~#~p~fti~~y #hat will <br />pltty out. <br />In the ineantime the additioiial pages in this fax inctude tcade detail <br />havo given this detail to Trust to post to your Projvct Fund a/c #134 <br />authorization and roturn to me (I will fsx to Tt~ust for thoir t'ecc <br />1~~ill be in toi~ch tomorro~v, Thanks <br />triT°d 9T?'ON <br />tr1d~5 ~:~.ced today. Wo <br />666 t' T 2' Ntif <br />