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Faced with higher costs, some borrowers are moving to overhaul the variable-rate auction securities.
What's the point of looking at highly rated auctions that have already expired?
The quantity disposed of during the week has been 2,700 hhds., and 2,565 bags Bengal, at extreme rates, by auction.
Two executives of Sotheby's and Christie's initiated their own scheme to fix rates for auction buyers as early as 1992, one of them reluctantly testified yesterday.
Royalty rates and auction practices do not reflect the social costs of coal.
In some cases (e.g., the question of flat-rate versus auction design) the national policy makers' attitude was considered as having veto power, which effectively determined the decisions made.
In the United States, 58percentt of timberlands are privately owned, and harvesting rights are usually sold at market rates or auctioned off.
Auction rate securities are long-term debt sold as short-term investments, resetting their rates periodically at auction.
Employees on Merrill's auction rate desk asked research analysts for reports that would cast a favorable light on auction rate products, even as the market for them disintegrated last fall, Galvin says in the complaint filed Thursday.
Those ratings cuts throttled auction-rate markets and drastically increased the interest costs for Jefferson County and many other issuers of auction-rate securities.
(Source: Bloomberg); 3-Month Treasury Bills: High rate at weekly auction.
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CEO of Professional Science Editing for Scientists @ prosciediting.com