1. A series of note sales by the Treasury will go ahead next week only if Congress raises the national debt limit. 2. A two-year note auction that had been scheduled for Tuesday and five-year note sale scheduled for Wednesday had already been postponed. 3. Demand today was better than the average at recent two-year note sales, as measured by the bid-to-cover ratio. 4. Daimler said it will disclose details of the note sale on Friday. 5. In New York yesterday, the successful note sale was helped by expectations the slowing economy will prompt the Federal Reserve to lower interest rates again this year. 6. In the meantime it had the use of most of the cash raised from the note sale, free of capital-gains taxes. 7. Natcity Investments Inc. may underwrite the note sale. 8. Normally, such a note sale is routine, but this time it is the subject of growing anxiety. 9. The note sale raises that capital for SBC and allows it potentially to increase its trading capacity, he said. 10. The successful note sale was helped by expectations that the slowing economy will prompt the Federal Reserve to lower interest rates again this year. |