21.   Analysts said demand at those auctions may be weaker because any future Fed rate cuts will affect longer-maturity securities less than the three-year notes.

22.   An announcement indicating the cut is a one-time move, and not the first step in succession of rate cuts, will weigh on bonds, he said.

23.   Analysts said investors were being pulled two different directions, hoping for rate cuts and bracing for earnings warnings.

24.   Analysts said sterling strength, which has crimped U.K. exports, is probably one of the main reasons why the Chancellor decided to risk a rate cut.

25.   Analysts said the odds still favored no rate cut at the Fed meeting on Tuesday.

26.   Analysts said then the Bundesbank was using the tactic to avoid killing off hopes for more rate cuts.

27.   Analysts say a rate cut would almost certainly boost the market.

28.   Analysts were split on whether Fed policy-makers would follow up with more rate cuts in their final two meetings of the year.

29.   And although most analysts expect further rate cuts by the Fed, some economists expect the dollar to stay at current levels or rally this year.

30.   And both have signaled that they might support one or two more rate cuts.