11.   Many traders tried to take advantage of narrower spreads between fixed rates and the yield on government bonds of comparable maturities.

12.   Narrower spreads would not automatically result from allowing quotes in finer increments.

13.   Narrower spreads could help Wall Street in the long run.

14.   Narrower spreads between offers to buy and sell a currency mean investors are in closer agreement about the trading range.

15.   Narrower trading spreads reduce the profit market makers can earn on a share.

16.   Other exchanges and the National Association of Securities Dealers are moving to narrower spreads as a bill advances in Congress that would require decimal pricing.

17.   Some traders and specialists said narrower spreads may give them less incentive to make markets in some stocks.

18.   The narrower spread shows that Italian fixed-income investments are outperforming German bonds.

19.   The narrower spread implies a higher relative price.

20.   The narrower spreads indicate higher relative bond prices.