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The deadline was tightened from 2026 to 2016.
Spreads on Merrill Lynch's high-grade American corporate index have tightened, from 111 basis points (one-hundredths of a percentage point) over Treasuries in mid-May to 95.
"We suspect most committee members will be reluctant to adjust policy until they get a clear idea of how the economy is reacting to fiscal policy being tightened from the start of 2011".
Ten-year U.S. dollar swap spreads have tightened from a high of more than plus-140 in late April to about plus-102 on Dec. 14.
Spreads on single-A banks like Chase Manhattan tightened from 200 basis points above the ten-year note in early October to 120 in mid-November.
Since May 1999, the emerging-market component of CFSB's High Yield index has tightened from 992 basis points above ten-year U.S. Treasurys to 724 basis points at the end of April a 268-point narrowing.
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But the pressure started to tighten from behind as more and more people entered the corridor.
Soybeans, sugar and coffee also had sharp gains in the two sessions on worries that agricultural supplies would tighten from smaller harvests forecast for this year.
For Portugal, you see the start of fiscal tightening from 2009 to 2011 (it had started already under the PS government), which then becomes steeper from 2011 to 2012.
THE CUBAN PEOPLE WILL SURVIVE 14. (C) In the short term, the GOC will require even more belt tightening from the Cuban people.
"The market has really discounted any kind of tightening from the Fed at this point," said David Gottlieb, governments trader at Donaldson , Lufkin & Jenrette Securities
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