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MON MAR 20 '89

4:30 Wake up. Rest

6:15 -----

Start "Highlights" printing, best quality.

Weatherman says spring starts at 7:28 AM.

Dining tablecloth comes off!

Call York about zero-coupon T bonds.

Rate on same term is less than for reg bonds!

Get one over 9% (9.03% versus 9.48 for T bond), out as far as possible. 5/2004

Rates were 9.25% for around 8 years, compared to 9.54%. So the loss of yield increases as you go from 8 yrs to 15 years. But pretty flat curve after 15 years. There was a 23 yr bond that was also just oaver 9%, and it's couponed T bond yields 9.48% (see WSJ)

Also shift form FFT to ML Basic Value.

So I have a book value picker to complement Neff. See WSJ article ~ book value picking, 12/23.

This gives them less constraint on picking.

And MFF rates Basic Value a hold, so OK.

If anything it should be higher since the entire amount is at risk for the full term. Looking at my Bond Sheet from last summer, I see this manifested!

Oh well, it's only $2K, and I wanted to own one.

And its term is midway between Schwab Notes + Bonds.

10:00 -----

10:15 Printer nearly done. It took 4 hours.

Shred old one.

10:30 Read last 7 pages of "Insights."

Alan Paul calls. Movie all done.

Put Insights into accobinder. THICK.

Summer 19 pages. Autum 22 pages.

Put 1988 2nd 1/4 diary back in box under table.

-----

Wash dining room windows.

Lunch + Comp Chron: spreadsheets rerun.

11:45 Video room windows

2:45 Entry stairwell windows

3:15 Kitchen windows

3:30 -----

Take old contacts to Storage, old Am Tourist Valise to Goodwell. FLUSH!

4:15 At gym, good arms workout.

Realize maybe rate on my Zero-Coupon Bond is ok since yield curve is inverted. Check later on.

5:45 Go home. Clean windows are WONDERFUL.

----- Raining again.

6:30 Go to Cafe Sport. Nice time.

He can be quite opinionated at times.

And very competitive. Walks too fast.

But very nice time, nonetheless.