And the yields on short-term securities rose sharply as a result.
The move helped to lift the price of short-term securities, but was not as well received among long-term investors.
Pressures that have pushed up rates on short-term securities over the last few weeks are expected to continue, the analysts said.
For certain investors these short-term securities may also be subject to the alternative tax.
Nearly 90 percent did not know that money market funds contain only short-term securities.
And there is still demand because managers of money market funds need to buy short-term securities.
Rates on those short-term securities fell to the lowest level in more than 14 years.
Normally, such a move would push up yields on both short-term and long-term securities.
When these rates are high, the money flows into short-term securities and out of mutual funds.
And when that is the case you stay in short-term securities.
"But we could see quite a reversal in short-term note and bill rates if the numbers are much stronger than expected."
Rather, they argued, the investments were in short-term notes not covered by Federal securities law.
Continued delays in passing the budget may force the city to sell short-term notes.
Prices of short-term notes also fell, but by a much smaller amount.
Under the plan announced today, the state would issue long-term bonds instead of the short-term notes to cover its deficit.
The city is planning to go ahead with a sale of $1.3 billion in short-term notes later this month.
The short-term notes will be offered to investors through various securities dealers.
This week, it sold $3.9 billion in short-term notes at an average interest rate of 7.2567 percent.
The plan calls for the state to issue long-term bonds instead of short-term notes to cover its deficit.
If the county simply issued short-term notes, the interest rate would be about 2 percent, he said.
This was followed by a short, tense exchange of words.
There was a weight of things left unsaid in that short exchange.
After a short exchange of pleasantries, they ended the call.
In her mind she goes back over that short, unsettling exchange with Adelh.
After a short and silent male exchange, Jake swaggered off.
After a short exchange they abandoned the chase and drew off.
There then followed another short exchange between the members of the squad, during which time Pie snatched a moment to explain.
I have felt that on many occasions in my short exchanges with the Americans and also in various talks.
This resulted in a short exchange of fire between the sides.
In their short exchange, we learn three things: 1.