As the bonds lost value, lenders demanded more collateral, which some banks here could not provide.

Thus, municipal bonds would lose that advantage over other investments.

If a bond loses its tax-free status, the investor may have to pay.

The same bond would lose 7 percent when rates moved down that amount.

In the last two sessions, a bond with a face value of $1,000 has lost nearly $26.

When the risk premium grows, the bonds lose value.

But the bond is losing its status as the Treasury market benchmark.

Thus, the long bond lost almost $12.50 on each $1,000 of face value, which is considered substantial.

Some bonds lost as much as two points on the day, dealers said.

"Whatever the causes for it, bonds lost buying support when they moved to higher prices."