All of the new long-term Treasuries, however, were not for the new strategy.

Yields on long-term Treasuries were pushed up close to 9 percent.

Securities dealers who had sold long-term Treasuries ahead of the uncertainty over those corporate sales bought them back.

But he worries that long-term Treasuries are exposed to the risk of an economic rebound later this year or in 2008.

In 1955, long-term Treasuries yielded less than 3 percent.

If they yield 5 percent, the price of long-term Treasuries would go up 30 percent.

Bond prices picked up significantly, pushing down yields on long-term Treasuries to 8.85 percent.

The Japanese were said to be big sellers of long-term Treasuries yesterday.

Interest rates rose modestly for short- and long-term Treasury securities.

They can expect a miserly 5.38 percent yield from a long-term Treasury.