Word: bond
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Dates: during 1960-1969
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FROM RUSSIA WITH LOVE. Pouris and hired assassins play it mostly for laughs when Sean Connery arrives in Istanbul as Ian Fleming's Bond bombshell, Secret Agent...
...Leoni is counting on $180 million from foreign credits, $88 million more from a government bond issue going mostly to private Venezuelan banks, and the rest from annual budget surpluses...
...securities, Wall Street's C. J. Devine & Co. The world's largest brokerage house thus got a solid hold on the only important part of the finance business in which it had not been represented. Says one Merrill Lynch vice president: "We knew nothing about the Government bond business...
...sixty-fourth of 1 %, but that can add up to quite a sum in a market in which the U.S. Treasury every Monday auctions off about $3 billion worth of short-term bills to refinance the nation's debt. These bills go to the highest bidding bond dealers, who then sell them for whatever price they can get from banks, corporations and speculators...
Companies buy Government securities in order to put their money to work and nail down safe interest rates; people buy them either to collect the interest or to speculate on the fluctuating prices of bonds, which move around in a range just above or below par value. Another attraction is that low margin requirements permit an investor to buy $100,000 worth of Government securities by putting down as little as $5,000 cash; if the bond's value rises just one-half point, he earns $500. Bond dealers are made or broken by their ability to predict instinctively...