71.   Higher central bank rates slow the economy by boosting borrowing rates throughout the economy, making it more costly to finance everything from automobiles to factories.

72.   High interest rates crimp corporate profits by raising borrowing rates, and ultimately slow economic growth.

73.   Higher borrowing rates can also hurt corporate profits.

74.   Higher borrowing rates usually result in less money being spent on services.

75.   Higher short-term borrowing rates cut into profit margins of banks, which borrow in the money market to invest in bonds and to make corporate loans.

76.   Homebuyers, corporations, and municipalities may see the benefits of lower borrowing rates.

77.   Higher central bank rates put a drag on growth by boosting borrowing rates throughout the economy, making it more costly to finance everything from automobiles to factories.

78.   Higher yields also affect consumers because borrowing rates are tied to changes in Treasury bonds and notes.

79.   IBM historically has sold bonds at the best time, when borrowing rates are at their lows.

80.   IBM sold the bonds at a time when Treasury yields, which companies use to set their borrowing rates, had fallen to their lowest since March.