1. Also weighing on the market was concern about the supply of new debt issues, as corporate treasurers scramble to sell securities before year-end. 2. Although it is not yet clear how strong the demand for the new debt issue will be, the talk Monday in the corporate bond market was positive. 3. Analysts also say consumers could become more reluctant to take on new debt as old obligations pile up. 4. Analysts also say consumers could become more reluctant to take on new debt as bills for late payments continue to pile up. 5. Analysts also say consumers could become more reluctant to take on new debt as old debt piles up. 6. An overall dearth of new tax-exempt debt sales is expected to help bolster demand for the Austin bonds and other new issues. 7. And Fidelity believed its El Paso holdings would fetch primarily cash and new debt securities -- rather than voting stock -- when the acquisition eventually took place. 8. At the same time, the pace of new tax-exempt debt sales slowed this year as interest rates rose. 9. Bonds were weighed down by weakness in the dollar and by concerns over new debt issues. 10. Bond prices were down dramatically, in part because of an expected surge in new debt securities next week. |