                10/29/93    CURRENCIES
     The dollar shot up  to  DM1.6850  before  coming  off  slightly
Friday  afternoon  in  choppy,  nervous  trading  exaggerated  by thin market
conditions, traders said.                                                       
     Some players got caught short dollars and triggered stop-loss buy  orders  
above DM1.6810, said a trader at a money center bank. But participants did not  
attribute the move to any kind of news.                                         
     The dollar was quoted at DM1.6821 and Y108.40 at 1:40 p.m. compared  with
DM1.6764 and Y108.31 at 11:00 a.m.                                              
     "It's  a  very thin market. Thure's not a lot of liquidity," said Stephen  
Geovanis, managing director of foreign exchange at  Merrill  Lynch.   Geovanis  
said  the  dollar's  move  was probably over for the day, but the market "does  
definitely feel choppy and a little nervous."


 CURRENCY   CLOSE   FRIDAY    THURSDAY     THE DOLLAR ON FOREIGN EXCHANGE FRI

 BRITISH POUND   $1.4820   $1.4890    OPEN
 CANADIAN $      $.7577    $.7553     FRANKFURT    1.6743 marks -0.0107
 DUTCH GUILDER   $.5285    $.5323     ZURICH       1.4785 franc -0.0125
 FRENCH FRANC    $.1694    $.1709     LONDON:     $1.4880      +$0.0095
 GERMAN MARK     $.5935    $.5976     TOKYO CLOSE  108.23 yen   -0.22
 ITALIAN LIRA    $.000607  $.000617   NY CLOSE        FRI      THU
 JAPANESE YEN    $.009217  $.009248   AUSTRALIAN $  $0.6665  $0.6667
 SWISS FRANC     $.6748    $.6773     MEXICAN PESO  $0.3207  $0.3203
                                      N. ZEALAND $  $0.5554  $0.5545

10/29/93  BOND YIELDS/INTEREST RATES

TREASURIES  DISCOUNT  CHG YIELD       AGENCIES  COUPON  PRICE      T-AUCTION

 3 MO T-BILLS  3.03  -.01  3.10       30 YR GNMA  6.50 100:30       RESULTS
 6 MO T-BILLS  3.18  0.00  3.28       30 YR GNMA  7.00 103:01   DISCOUNT/YIELD
 1 YR T-BILLS  3.32  -.01  3.45       30 YR GNMA  8.00 105:14   3 MO  3.08/3.15
NOTES & BONDS     PRICE CHG32 YIELD   30 YR GNMA  9.50 107:24   6 MO  3.19/3.29
 1 YR 4-1/4 10/94 100:24   +1  3.49  3M FFCB 3.000  1/94  99:30 1 YR  3.25/3.38
 2 YR 3-7/8 10/95  99:25   -1  3.99  6M FFCB 3.150  4/94 100:00 2 YR       3.94
 3 YR 4-3/8 08/96 100:11   -1  4.24  1Y FFCB 3.430 10/94  99:29 5 YR       4.81
 5 YR 4-3/4 10/98  99:20   -1  4.84  3Y FFCB 4.490  3/96 100:00
 7 YR 5-1/2 04/00 102:21   -6  5.01  2Y FHLB 4.750 11/94 100:26   NEXT TREASURY
10 YR 5-3/4 08/03 102:17   -5  5.41  3Y FHLB 5.375 11/95 102:17     AUCTIONS
30 YR 6-1/4 08/23 104:01   +4  5.96 10Y FHLM 6.550  4/03 104:01  3 MO  11/01/93
15:01  0/N  30 DAY  60    90   180   5Y FNMA 5.100  7/98 100:06  6 MO  11/01/93
CD           3.13  3.41  3.35  3.35  7Y FNMA 6.100  2/00 105:08  1 YR  11/16/93
COMM PAPER   3.14  3.15  3.29  3.31 10Y FNMA 6.200  7/03 102:05  2 YR  11/22/93
BANK ACCEP   3.09  3.31  3.26  3.26 30Y RFC  8.625  1/21 130:20  3 YR  11/09/93
LIBOR  3.06  3.19  3.44  3.44  3.44  FED FUNDS          15:01    5 YR  11/23/93
TREASURY WHEN-ISSUED          15:01        LATEST  3.063         7 YR
 3MO  3.085  6MO  3.205  1YR          HIGH  3.063 LOW   2.938   10 YR  11/10/93
                                     PRIME  6.000 DISC  3.000   30 YR  12/  /93
