1.   Margins and jobs are still shrinking in many industries and corporate debt has doubled in the last five years.

2.   Debentures are the most secured form of corporate debt.

3.   This is measured by the difference between the yields on twenty-year government and corporate debt.

4.   Also pressuring bonds was the continued heavy issuance of corporate debt, as investors sold Treasury securities in favor of corporate paper.

5.   Analysts noted also that the long end of the government securities market was being pressured by issuance of corporate debt, which competes for investor dollars.

6.   Analysts expect government and corporate debt in the Philippines to improve from speculative ratings to safer investment-grade status this year.

7.   Banc One Corp. said it received Federal Reserve permission to underwrite corporate debt and stocks for sale to the open markets.

8.   Because Vivendi does not own either outright it cannot use their cash to repay its corporate debt, Bell said.

9.   Bond traders apparently remain wary about economic data this week, and a buildup of supply in corporate debt is making securities with long maturities less desirable.