1.   And even when a specific reference to a yield spread premium is noted on the closing statement, the reference is still unlikely to be understood by many borrowers.

2.   At that spread, the new RJR bonds will offer a higher yield premium than some lower-rated bonds with longer maturities.

3.   Because of the demand, investors still have to pay up for corporate bonds and accept small yield premiums.

4.   Corporate bonds, on the other hand, still offer a nice yield premium over Treasurys.

5.   Driving sales were relatively low borrowing rates and strong investor demand, which narrowed yield premiums, or spreads, on corporate bonds.

6.   Dwindling supply is keeping yield premiums on corporate bonds relatively low, which forces investors to look elsewhere for higher premiums.

7.   Eric Gonchar, a Manhattan real estate lawyer, said that in his experience, most deals involving brokers also involve yield spread premiums.

8.   Feldman said the past few weeks of sales generated stronger demand for mortgage securities, narrowing the yield premiums they pay over Treasuries.

9.   For retail investors, the interest rate payable on the bonds matters more than the yield premium to comparable government debt, bankers and fund managers said.

10.   In fact, brokers have a financial incentive not to get the best possible deal for borrowers, because of a practice called yield spread premium pricing.