81.   In the secondary market that already has formed, prices are as good as on any Treasury security.

82.   In theory, officials and economists say, the secondary market would be beneficial to consumers in several ways.

83.   Indeed, investors said the drop in junk bonds has brought prices in the secondary market closer to their fair value, and some to attractive levels.

84.   In the municipal market, where demand for bonds has slacked amid mutual fund redemptions, prices in the secondary market fell for the second consecutive day.

85.   Instead, fund managers are shifting their attention to bonds in the secondary market which have fallen to attractive levels.

86.   In the secondary market, junk bonds fell, according to the Salomon Brothers High-Yield Flash Index.

87.   In the secondary market, the gap in yield between corporate bonds and Treasuries was little changed from Friday, traders said.

88.   Investors like these bonds because they offer higher yields with the ability to trade in the secondary market.

89.   Investors said a spate of new bonds offered for sale last week may weigh on bonds as the new bonds begin trading on the secondary market.

90.   Investors familiar with the new pricing standard can occasionally take advantage of the pricing confusion when buying bonds in the secondary market.