31.   Moreover, when the Federal Reserve issues paper currency to U.S. banks, their payment for it is used to purchase Treasury securities.

32.   Municipal bonds were little changed as money managers looked to raise cash or swap out of existing bonds to purchase new securities and meet redemptions.

33.   Not only are foreigners increasingly reluctant to underwrite the deficit by purchasing Treasury securities, but American money managers are also becoming more eager to send their capital overseas.

34.   One such option, a call option, gives the owner the right, but not the obligation, to purchase a security at a specified price.

35.   Rising stock prices help the yen because they attract foreign investors, who need yen to purchase Japanese securities.

36.   Rising demand for U.S. assets often helps the dollar because foreign investors need dollars to purchase the securities.

37.   Sentiment turned positive toward the dollar last week after the Japanese government announced a program to encourage Japanese investors to purchase foreign securities.

38.   SK had established offshore funds to manage the derivatives, and those funds also purchased other securities directly from Morgan.

39.   Some money mangers even say that now may be the time to purchase the securities if they are able to find them.

40.   Some brokers find themselves bypassed altogether, as their customers purchase securities on the Internet.