Word: ten-year
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Since U.S. borrowers draw from the same pool of global funds, the Japanese rate increase proved to be contagious. Rates on ten-year Treasury bonds have climbed from 7.84% to 8.4% during the past month. Money-market speculators sent rates higher because they know that the Japanese, who typically buy as much as 40% of U.S. long-term bond offerings, will be disinclined to invest in U.S. Treasury securities unless American bonds offer significantly higher yields than equivalent Japanese or West German paper...
Both victims, who were moderate members of the Basque separatist group Herri Batasuna, had hoped that ending their party's ten-year boycott of the parliament would spur negotiations with Madrid to redress Basque grievances. As news of the murders spread, thousands of Basques went into the streets of Bilbao, San Sebastian and other cities, smashing windows and burning buses and cars...
...armed forces, or the U.S. Government, which funds the Salvadoran military to the tune of $85 million a year. Or the 5 million war-weary citizens of El Salvador. All had been encouraged by two recent rounds of peace talks to hope that a settlement in El Salvador's ten-year civil war might be in the offing. Even when the talks broke off three weeks ago amid a surge in civilian killings and rumors of a guerrilla offensive, no one imagined that the war would be brought from the countryside right into the capital. But there are two roads...
Shaving may be a mundane activity, but the razor industry takes it as seriously as a moon launch. Last week industry leader Gillette unveiled the result of a ten-year development project. Called Sensor, the new razor has twin spring-mounted blades that individually contour to the vagaries of the user's skin. The high-tech face scraper has 22 patents, 13 moving parts, platinum-hardened chromium blades, and is welded with lasers...
Though Hitler had made no pretense of declaring war on Poland -- with which he had signed a ten-year nonaggression pact in 1934 -- the British and French response to his attack was glacial in its formality. Not until 10 a.m. did the British Foreign Secretary, Lord Halifax, summon the German charge d'affaires to ask if he had any explanation for this "very serious situation." The charge admitted only that the Germans were defending themselves against a Polish attack...