1.   After five years, the company has the right to redeem the securities at any time for a specified premium.

2.   Erratic swings in yield make it harder for mortgage investors to predict when their securities will be redeemed.

3.   Mortgage bonds fell with U.S. Treasury bonds amid concern rising yields will make it harder for investors to forecast when their securities will be redeemed.

4.   Most of the proceeds from those sales will be used to redeem maturing securities.

5.   Only a handful of noteholders sought to redeem their securities then, securities officials said.

6.   Schlei said his primary goal was to have the Japanese government redeem the securities.

7.   Seven months later, out of concern for shareholders, the company redeemed the securities.

8.   Sharp swings in interest rates make it harder to predict how fast their securities will be redeemed.

9.   Such securities are viewed as less risky because investors receive a larger principal amount if the securities are redeemed early.

10.   The fewer refinancings, the less risk bondholders will see their securities redeemed early.