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The offering came as buyers shunned new shares amid declines in stocks.
The question of what causes declines in stocks is difficult to answer.
Recent news about corporate accountability problems, which have contributed to declines in stocks, may have weighed on confidence this month.
Declines in stocks like SBC Communications and Boeing more than offset gains in drug and oil stocks.
Declines in stocks like General Motors, J. P. Morgan and Merck offset gains for I.B.M., Hewlett-Packard and Honeywell.
Declines in stocks can "help bonds slightly, but you'd have to see them really breaking lower to get much of a reaction," he said.
Similar(39)
Now, there may be a correlation/causation question here: the declines in stock prices may be anticipating declines in investment (and therefore increases in unemployment).
Individuals and families in all five countries lost income because of unemployment and lost wealth because of steep declines in stock prices.
The result, along with declines in stock markets, suggests investors are fleeing for the assets — like German government securities — that are perceived as safest.
Higher borrowing costs and energy prices along with declines in stock prices caused buyer optimism to sink in October and November.
Nomura Holdings, Japan's largest broker, lost 26.1 billion yen ($219 million) in the January-to-March period because of declines in stock prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com