1.   Bonds snapped a three-day decline yesterday as eroding Asian financial markets and a drop in U.S. stocks heightened the allure of Treasury securities.

2.   A strong dollar boosts U.S. financial assets by heightening their allure in the eyes of foreign investors who must convert their proceeds into weaker currencies.

3.   A rise in interest rates would have heightened the allure of dollar-denominated deposits, drawing investors to the currency.

4.   Falling interest rates heighten the allure of stocks, and a recovery in Asian markets would ease concern that a slowdown there will affect U.S. company earnings.

5.   Falling interest rates heighten the allure of stocks, and a recovery in Asian markets would ease concern about a slowdown there affecting U.S. company earnings.

6.   Further rate increases would heighten the allure of mark deposits and bonds.

7.   Higher rates could boost the dollar against the yen by heightening the allure of U.S. deposits.

8.   Higher rates in the U.S. heighten the allure of dollar-denominated deposits and bonds.

9.   Higher U.K. rates heighten the allure of pound-denominated deposits and bonds.

10.   Higher U.S. interest rates heighten the allure of dollar-denominated deposits, drawing investors to the currency.