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Nervous investors fled to the safety of the United States Treasury markets, focusing their buying on securities with two-year and five-year maturities.
With the Treasury focusing its aim on securities with 10- to 30-year durations, investors made a mad scramble to buy long-term bonds ahead of a shortage.
For example, committing to maintain zero policy rates for, say, three years implies that interest rates on securities with up to a three-year maturity should also fall to zero, given that medium term interest rates are based on expectations concerning short term rates over the next three years.
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It co-operates on security with Israel – arresting Hamas activists.
Over the weekend, Mr. Sharon again insisted that such a period precede any return to talks on security with the Palestinians.
So Mr Uribe should combine his emphasis on security with other policies, such as rural development and strengthening the rule of law.
The countries, Mexico in particular, need to set their own course on security, with the United States playing more of a backing role.
The United States has held three rounds of talks on security with Iraq and its neighbors, including Iran, but Mr. Mottaki dismissed them as unnecessary.
Brazil bought from France, and Peru turned to the Soviet Union.The United States did not renew co-ordination on security with its Latin neighbours until 1995, when the secretary of defence convened a meeting of ministers at Williamsburg.
Mr Clinton's 1996 joint declaration on security with Japan, before he began the tilt towards China that culminated in his trip to Tiananmen Square, yielded a new set of defence guidelines that tightened American-Japanese co-operation a bit.
Koichi Nakano, a politics professor at Sophia University in Tokyo, told the Guardian: "We don't know if he will do what he has said he would do on security with Japan and South Korea, or settle down to the status quo".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com