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Now debt prices are tumbling again.
Treasury debt prices advanced yesterday.
Treasury debt prices eased yesterday after Mr. Greenspan's comments.
Emerging-market debt prices tumbled, and those of bonds denominated in yen fell more than most.
Yet as emerging market debt prices surged last year, leveraged investors were drawn back in.
A wave of new Treasury and corporate supply also weighed on government debt prices.
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The auction included 10-year debt, priced to yield 6.04 percent.
Is their debt priced favorably because, being TBTF, they are considered especially creditworthy?
Exchange rate and debt price volatility mean multinational companies have to worry like never before about hedging their exposure.
Your excellent article on debt (Price of survival, April 10) omits to explain how government policies push poor people into the hands of loan sharks in two ways.
As part of the auction, it sold 2.3 billion euros of 10-year debt priced to yield 6.03 percent, up from the 5.84 percent it paid to sell such debt last month.
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