Some long-term bonds rose by a third of a point.

Bonds issued by major commercial banks also rose in price.

Bonds rose but Leonard didn't let him off the hook.

For the week, the 30-year bond has risen a quarter of a percentage point.

Those bonds would rise to $580 million in principal, and then start paying interest at 17.5 percent annually for 10 years.

Treasury prices were lower, with the yield on the 30-year bond rising to 5.97 percent from 5.94.

The bonds have since risen, perhaps as high as they will.

The initial reaction in financial markets was positive, as stocks and bonds rose.

"A long bond may rise 15 percent if rates fall 1 percent," he said.

Bond rose slowly, took the hand and released it.