1. This means that short-term interest rates on loans due to mature in a year tend to be generally lower than the long-term interest rate on loans of longer maturity. 2. Although the San Diego bonds offered attractive yields, the longer maturities among the California Public Works bonds were more attractive to some many investors. 3. Among the longer maturities, demand was weighted toward American investors, Cordeiro said. 4. Analysts said it caused some curve flattening, as traders sold longer maturities and bought short-term issues. 5. Analysts worry that a longer maturity may not do as well as the two-year note. 6. Analysts said end-of-quarter buying helped support the bill market, which generally outperformed the longer maturities. 7. And he noted that replacing short-term debt with letters of credit, which have a longer maturity, actually reduced risk. 8. And investors might want to move out of short-term holdings like Treasury bills and to buy notes or bonds with longer maturities. 9. And some funds have longer average weighted maturities then one year. 10. And then with strong hopes for a balanced budget agreement in the United States, people were encouraged to buy longer maturities, he said. |