Message-ID: <31391985.1075844977047.JavaMail.evans@thyme> Date: Fri, 4 May 2001 14:54:00 -0700 (PDT) From: stanley.horton@enron.com To: hill@enron.com, david.hill@morganstanley.com Subject: Re: Tax Free Opportunity Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Stanley Horton X-To: Hill, David X-cc: X-bcc: X-Folder: \Stanley_Horton_June2001\Deleted Items X-Origin: HORTON-S X-FileName: shorton.pst Thanks but I will pass for now. I wouldn't mind looking at some muni's with shorter maturity dates though. I am concerned about long-term yields increasing which would mean bond prices decreasing. Doesn't it make since to go with shorter maturity dates ri8ght now? "Hill, David " on 05/04/2001 10:46:00 AM To: "Stan Horton (E-mail)" cc: "Dingle, Susan " Subject: Tax Free Opportunity The Muni desk called to say they are seeing a blip in the market and are seeing 5 1/4% at par around 2021 to 2025. They think those rates won't last. They called about your portfolio because your ladder is is thin in those years. You have some cash. If you have an interest give me a call. I can fax your maturity concentration schedule to you if you need it. I didn't want to send your portfolio info by fax without your permission. David **** Important Notice to Recipients **** It is important that you do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity, to send fund transfer instructions, or to effect any other transactions. Any such request, orders, or instructions that you send will not be accepted and will not be processed by Morgan Stanley. ****************************************