Word: coupon
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Dates: during 1950-1959
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...sick Government-bond market last week had its worst sinking spell. As prices of old issues hit new lows, their yields rose as high as 4.28%. exceeding the 4¼% ceiling on coupon rates the Government can set on new long-term bonds. Not since the hectic, tight-money days of early 1932 have yields risen so high. The sinking spell came at a particularly bad time for Treasury Secretary Robert B. Anderson; he needed $5.3 billion to carry the Government through June...
Continental sells its 65-Plus policies through newspaper ads, thus cuts insurance agents' commissions. An applicant needs no physical examination, simply signs a coupon in the ad and sends it in. Monthly premiums of $6.50 provide hospitalization benefits of up to $610 for each different illness incurred within a six-month span. After the details of an application are punched on IBM cards, the computer takes over. It prints the policy, monthly-payment cards, self-addressed envelopes and claim forms, cuts policy-processing costs to about $4 v. $12 for a regular policy...
...much better than Governments (see chart), the sharp decline in U.S. bonds was pushing up the cost of money for Sears and other prospective private borrowers. As the price of Government bonds fell, their yields rose sharply. Last week a recent issue of long-term Government bonds paying a coupon rate of 3¼% was actually yielding more than 3⅝%. A recent issue of relatively short-term bonds with a 2⅝% coupon was yielding...
...Anderson. He must raise up to $12 billion in new financing this year to cover expected budget deficits, and also has to refinance $46 billion in maturing securities. This formidable financing chore comes at a time when yields on recent U.S. bonds are sharply rising. If Anderson raises the coupon rate on forthcoming issues to match the competition from older bonds, he will tend to raise all interest rates. Such a course might well nip the general business recovery. At the same time, unless Anderson takes this chance, he can hardly hope to get the money he needs...
...product buried out of sight and reach. Such sharp practices are gradually dying out because companies can work a much better deal with top management on a chainwide basis. Merchandisers argue for special space to tie in with national promotions or big ad campaigns, offer specially reduced prices in "coupon deals" or a flat reduction, e.g., $1 per case, for every additional case a store owner is willing to take...