<<MF June 5th 2001.pdf>>  			Good Tuesday Morning - Comments From The Local Guys!
Abbreviated Letter Today.
The 30-year US T-Bond yield is 5.65%.
The 10-year note yield is 5.28%.
The 5-year is trading at 4.84%.
Spot crude oil is trading at $28.09 p/b.
Natural Gas - Henry Hub -  is trading at $3.95 p/mcf.
AD Time:  New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC under the Securities Exchange Act of 1934.
This rule greatly enhances an insider's/employee's ability to trade his/her corporate shares during blackout periods.
Previously, without the protection of this new SEC rule, employees and insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and sell their corporate shares even during blackout periods if a written plan was established and in force when the insider/employee was not in possession of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.
Lehman Brothers has established a turn-key plan that take into account the regulatory procedures for establishing such a plan.
Please email us or call us for more information.
Lehman Brothers' Research.

The Morning Market Call - Tuesday June 5th, 2001.

<<MF June 0th <NUMBER>.pdf>> Good Tuesday Morning - Comments From The Local Guys!
Abbreviated Letter Today.
The <NUMBER>-year US T-Bond yield is <NUMBER>%.
The <NUMBER>-year note yield is <NUMBER>%.
The <NUMBER>-year is trading at <NUMBER>%.
Spot crude oil is trading at <CUR><NUMBER> p/b.
Natural Gas - Henry Hub - is trading at <CUR><NUMBER> p/mcf.
AD Time: New Federal Insider-Trading Rule (Rule 00b0-<NUMBER>) have been adopted by the SEC under the Securities Exchange Act of <NUMBER>.
This rule greatly enhances an insider's/employee's ability to trade his/her corporate shares during blackout periods.
Previously, without the protection of this new SEC rule, employees and insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and sell their corporate shares even during blackout periods if a written plan was established and in force when the insider/employee was not in possession of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.
Lehman Brothers has established a turn-key plan that take into account the regulatory procedures for establishing such a plan.
Please email us or call us for more information.
Lehman Brothers' Research.
local guys abbreviated oil trading force insider employee new federal email information lehman year note yield windows contains restrictions reviewed blackout periods previously rule 00b0 number