21. Already, the U.S. Treasury has postponed issuing some new government securities because of that ceiling. 22. Also cited was a Wall Street Journal report saying lower purchase of U.S. government securities by the Japanese could send yields up. 23. Also, the firms managing corporate bond sales often hedge against losses by selling government securities before the corporate issues are sold. 24. Also, the dollar declined on world currency markets, making the value of dollar-denominated investments like government securities less attractive to foreign investors. 25. Also, the firms managing corporate sales often hedge against losses by selling government securities before the bonds are sold. 26. Although lower rates could prompt an increase in municipal refundings, an overall dearth in new tax-exempt securities sales helped munis fall less than government securities. 27. Although Japanese government securities also performed well in the past three months as a rally drove yields to record lows, investors say the best is likely over. 28. An official said banks could free up their funds by exchanging their near-worthless government securities for cash. 29. And remember, the interest on these government securities is free of Massachusetts state income tax. 30. And this is not just because of the flight of foreign investors to the safe harbor they see in U.S. government securities. |