21.   Bonds had rallied in the past two days, driven by speculation a slowing U.S. economy and falling prices might prompt the U.S. central bank to lower interest rates.

22.   Bonds have rallied amid signs of the slowdown in the U.S., such as a government report Friday that showed payrolls dwindled for a second month in May.

23.   Bonds have rallied three times out of the five times the Fed has raised interest rates this year.

24.   Bonds may not rally until it becomes clear that the pace of economic growth has begun to slacken, he said.

25.   Bonds rallied and yields tumbled almost three-quarters of a percentage point in the two months ended yesterday.

26.   Bonds rallied this week as President Clinton and congressional Republicans appeared to move closer to an agreement to eliminate the budget deficit in seven years, investors said.

27.   Bonds rallied Tuesday, sending interest rates to their lowest levels in nearly a week on speculation that the Fed would cut short-term interest rates soon.

28.   Bonds rally when inflation shows signs of slowing since it means those payments will probably be worth more.

29.   Bonds today rallied on expectations the economy is slowing fast enough to prompt the central bank to cut interest rates sometime soon.

30.   Bonds also rallied amid speculation that hedge funds were buying Treasuries with money borrowed in Japan, traders said.