A rise in the 90-day bill rate was expected, given the continued upward bias in Federal funds.
Reviewers have noted some possible sources of upward bias in the long-term studies.
Additional upward biases were said to come from several other sources.
So when the market opened yesterday, he added, there was an upward bias.
During this period, the market should trade with an upward bias.
Perhaps most troubling is the general upward bias that appears to exist in all the indexes.
This could prove worrisome, he and others said, even taking into account that the index seems to have an upward bias in the winter.
The aim was to try to lessen an upward bias in the index for the early months of the year.
"We're still in that trading range we've been in for so long, with an upward bias."
Consequently, yield levels, which had been inching lower, are likely to have an upward bias over the next few weeks at least.