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And the American bond market finished the day little changed.
This means the interest rate on the American bond is 114 basis points higher.
They had to guess which direction the American bond market would take: up or down.
Moscow would then be free to raise money in the American bond market for the first time.
"That should be very worrisome to the American bond market."
The dollar followed American bond and most stock prices lower yesterday.
The dollar's rally could be felt immediately in the American bond market.
For bond investors, there are two types of risk in American bonds.
That depends to a significant extent on foreign demand for American bonds.
As a result, the American bond market went into a nosedive last spring.
And when worried, they jump for the relative safety of the American bond market.
Despite the downgrade, the yields on American bonds also came down.
Latin American bonds are yielding more than 6 per cent.
Latin American bond prices were the mirror image, falling everywhere.
The American bond market was shooting through the roof.
Some 550 million euros came from exposure to American bond insurers.
Lower American bond prices also helped pull the dollar lower.
And with a higher dollar he sees lower interest rates, hence a booming American bond market.
The brick of the house was laid in a five-course American bond.
So they will care about not only the current interest rates on American bonds, but also the likely movement of exchange rates in the future.
The American bond market, with its uncertain outlook ahead, gets just a neutral nod.
There were encouraging signs when the American bond market resumed trading yesterday.
American bond yields have been at 20-year lows, and shares are expensive.
Germany's interest rate cuts yesterday should have been good news for the American bond market, but investors and traders did not act like it was.
Meanwhile, domestic investors start worrying about whether foreigners will continue to buy American bonds.