"I felt it was time for me to address more of the longer-term strategic issues."

So an investor is being paid well for the extra risk of buying longer-term issues.

Investors are also offered an 8 percent yield on another longer-term issue.

But on the longer-term issues they are not in control.

There are two longer-term issues, due in 2017 and 2018, both priced to yield 6.35 percent.

One way to lift yields is to buy longer-term issues.

There hasn't been time for much else, though studies on longer-term issues are under way.

I would also like to hear what the Commissioner plans to do about these longer-term systemic issues.

Prices of other longer-term issues were basically unchanged on the day.

In large part it is the result of longer-term issues than the current state of the economy.