21.   Asian companies are taking advantage of low global interest rates and growing demand from international investors for debt from the region.

22.   As with the rand Eurobonds, a koruna Eurobond allows international investors to add a new currency to their portfolios without having to deal with domestic settlement systems.

23.   As their markets develop, international investors increasingly want to add securities denominated in rand and koruna to their portfolios.

24.   At the same time, international investors have discovered emerging markets, which offer higher rewards than dollar assets.

25.   At the same time the demands from international investors yesterday for a large, immediate Russian bailout should be viewed skeptically.

26.   At that pace, an international investor would see his returns eroded by currency losses.

27.   Bailouts, they say, encourage international investors to make risky bets with the confidence that governments will pay for their mistakes.

28.   Bankers are cautious and international investors are edging out.

29.   Big international investors would race for the door, but not before sustaining heavy losses.

30.   Bond yields eased, brightening the outlook for future earnings and making stocks more attractive, as concern eased that international investors would curb their Treasury purchases.