1.   BRITISH gilts rose with German bunds after surprise cuts in official Bundesbank interest rates quelled concerns that British rates will need to rise anytime soon.

2.   But he gave investors few clues about his inclination to reduce interest rates again after a surprise cut earlier this month.

3.   Only a fortnight later, however, the Fed sharply reversed field with a surprise rate cut.

4.   School officials would construct their budgets in secret, guarding against surprise cuts that sometimes never came.

5.   Some economists, however, suggested that the surprise rate cut was not as necessary as the Fed thought.

6.   That decline was followed the next day by a surprise cut of half of a percentage point by the Fed in its benchmark short-term interest rate.

7.   The dollar also was hurt yesterday by a surprise cut in Australian interest rates, which boosted the yen.

8.   The dollar was hurt yesterday by a surprise cut in Australian interest rates, which boosted the yen.

9.   The dollar, meanwhile, rose against the British pound after a surprise cut in U.K. interest rates.

10.   The dollar also was hurt by a surprise cut in Australian interest rates, which bolstered the yen.