1. Meanwhile, low borrowing rates are enticing some Junk-rated companies to raise money in the high-yield Market. 2. Also bolstering bonds was a report on Reuters news service that Fed Gov. Lawrence Lindsey was advocating further cuts in bank borrowing rates. 3. Also, companies may have wanted to lock in borrowing rates in case they head higher in coming days and weeks, investors said. 4. Although more companies and municipalities may sell debt this autumn, they may face higher borrowing rates unless the economy slows. 5. An afternoon rally in bonds, fueled by speculation the Federal Reserve will hold back on raising benchmark borrowing rates next week, also helped stocks. 6. An easing of the deficit should push down domestic borrowing rates and boost profits at many companies. 7. An additional several billion in sales are listed as tentative, though they are less likely to be sold because of the rise in borrowing rates. 8. Analysts said falling interest rates also helped boost stock prices on optimism borrowing rates would boost corporate earnings. 9. Analysts who incorrectly forecast the Federal Reserve would boost bank borrowing rates early this month are asking for more time. 10. As borrowing rates fall, companies and consumers would spend more and help the economy pick up steam. |