Despite yesterday's big purchase, the price of the closely watched 8 1/8 percent Treasury bond was little changed on the day.
Nonrefundable for 10 years, the debentures yield 1.1 percentage points more than the 9 1/4 percent Treasury bonds due in 2016.
Among longer maturities, the 9 1/8 percent Treasury bonds due in 2018 were offered at 99 18/32, up 2/32, to yield nearly 9.17 percent.
Late yesterday the 8 3/4 percent Treasury bonds due in 2017 were offered at 102 7/32, down 29/32, to yield 8.54 percent.
But the low prices were not long-lasting, and the 7 1/2 percent Treasury bond traded as high as 91 6/32 around midday.
By late in the day, the 8 3/4 percent Treasury bonds due in 2017 were offered at 99 29/32, up 10/32, to yield 9.05 percent.
The 8 3/4 percent Treasury bond must drop to about 97 3/8 to yield 9 percent.
The new 8 3/4 percent Treasury bonds due in 2017 were offered late yesterday at 96 21/ 32, down 2 points, to yield about 9.08 percent.
Late yesterday the 8 1/2 percent Treasury bonds of 2020 were offered at a price of 96 13/32, down 6/32, to yield 8.84 percent.
The issue was priced at 96.75, to yield 125 basis points over the 9.25 percent Treasury bonds of 2016.
Despite yesterday's big purchase, the price of the closely watched 8 1/8 percent Treasury bond was little changed on the day.
Nonrefundable for 10 years, the debentures yield 1.1 percentage points more than the 9 1/4 percent Treasury bonds due in 2016.
Among longer maturities, the 9 1/8 percent Treasury bonds due in 2018 were offered at 99 18/32, up 2/32, to yield nearly 9.17 percent.
Late yesterday the 8 3/4 percent Treasury bonds due in 2017 were offered at 102 7/32, down 29/32, to yield 8.54 percent.
But the low prices were not long-lasting, and the 7 1/2 percent Treasury bond traded as high as 91 6/32 around midday.
By late in the day, the 8 3/4 percent Treasury bonds due in 2017 were offered at 99 29/32, up 10/32, to yield 9.05 percent.
The 8 3/4 percent Treasury bond must drop to about 97 3/8 to yield 9 percent.
The new 8 3/4 percent Treasury bonds due in 2017 were offered late yesterday at 96 21/ 32, down 2 points, to yield about 9.08 percent.
Late yesterday the 8 1/2 percent Treasury bonds of 2020 were offered at a price of 96 13/32, down 6/32, to yield 8.84 percent.
The issue was priced at 96.75, to yield 125 basis points over the 9.25 percent Treasury bonds of 2016.
