Word: bondses
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Avalanche danger is highest just after a storm because the snow crystals have not had time to forge bonds to one another and to crystals in the existing snowpack. Typically, bonding occurs over a few days' time. Under certain conditions, however, the crystals never bond, but remain loose like a...
The Boss was back with bluster intact, posing as Napoleon for a SPORTS ILLUSTRATED cover. Sportswriters welcomed him, for unlike the drab slumlords who run most teams, Steinbrenner is good copy: a reprobate of Dickensian, comic complexity. And like Saddam Hussein, the principal owner gets to gloat that he is...
Bond traders did no such nail biting. They bid up prices all week, in a mood of sunny optimism that Clinton's program really will reduce deficits. In the bond market's calculus, a lower deficit equals less government borrowing equals higher bond prices equals lower interest rates (which move...
30-YEAR TREASURY BONDS
Most important, lawmakers in both parties warned that raising the top rates on individuals and businesses threatens to undo one of the singular accomplishments of the '80s: the 1986 tax-reform act. Apart from simplicity and fairness, the theory behind keeping rates low and loopholes closed was to encourage people...