In the market, the worries are most clearly manifested among longer-term maturities.

Investors seeking longer-term maturities are also offered yields of 7.43 percent for bonds due in 2003 and 7.674 percent in 2008.

Selling was particularly active among longer-term maturities.

Among longer-term maturities, the Treasury's 9 1/8 percent 10-year notes were offered at a price of 107 17/32, up 6/32, to yield 7.99 percent.

Buying of longer-term maturities had carried over from Friday's strong advance, but with that demand filled by the afternoon, sellers prevailed.

Among longer-term maturities, corporate bond prices rose by three-fourths to seven-eighths of a point.

"Maybe for every new dollar you put in the short end, you can put 50 cents into longer-term maturities," she said.

Most of the gains were recorded among longer-term maturities.

But dealers said that demand for intermediate and longer-term maturities was strong.

In the secondary market for Treasury securities, the bulk of the selling was in longer-term maturities.