111.   Many institutions investing in loans are favoring the secondary market instead, where they can buy loans at discounts.

112.   Marginal or unprofitable routes have been trimmed, and smaller, more efficient planes have replaced the jumbo jets that once served even secondary markets.

113.   Mortgage lender PacificAmerica Money Center said it is discontinuing its wholesale loan division because of uncertainty in the subprime lending industry and the secondary market for loan sales.

114.   Money managers said many investors skirted the secondary market to get at the attractive yields on the New York sale.

115.   Municipal bonds rose amid expectations that the rally in benchmark government securities will continue and the supply of muni bonds in the secondary market will remain low.

116.   Moreover, they must be willing to take on investments whose risks became all too plain recently, and realize that the thin secondary market may make resale difficult.

117.   Mortgage-backed securities are bonds that banks and mortgage companies create when they sell home mortgages in the secondary market, for example.

118.   Municipal bonds rose amid few new-issue sales and a tightening inventory of bonds available in the secondary market.

119.   No-frills airlines frequently fly old planes that can be easily bought or leased in the secondary market for used planes.

120.   Now the strong secondary market that was to be created by that strategy is in jeopardy.