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But mortgage bonds fell just 0.8 percent during the same period.
Cleveland, $213 million of first mortgage bonds for the public power system.
The talk in the market yesterday was that the mortgage bonds would yield around 11.25 percent.
They persuaded investors, such as insurance companies, to buy the new mortgage bonds.
With only a few exceptions, no specific form is prescribed by law for the mortgage bond.
Such a provision in a mortgage bond is therefore valid.
So he sold a number of the railroad's first mortgage bonds to some friends."
Moody's has awarded an A-3 rating to the first mortgage bonds.
"Rates are unlikely to go up enough in the short term to hurt mortgage bond returns," he said.
The ignorance about mortgage bonds at the top of the firm was truly remarkable.
"Mortgage bonds will probably continue to outperform about everything except high yields."
Mortgage bonds are used for long-term financing and investment in the wider economy.
Munich-based banks issue one third of all Germany's mortgage bonds.
Any prepayments were profits to the owner of the mortgage bond.
Investors now had a new, firm idea of what the price of a mortgage bond should be.
The people who took bribes to rate mortgage bonds.
The $340 million portion represented mortgage bonds that had first call on the casino assets.
But it was true that no one made as much money as mortgage bond traders.
The new buyers drove down the returns paid to the investor by mortgage bonds.
Affected are all the agency's mortgage bond issues as well as individual home loans.
The whole of the first mortgage bonds were held in escrow to retire the bond issue.
The Reagan Administration had opposed extending the mortgage bond program.
That explains why thrifts continued to buy mortgage bonds even as they sold their loans.
They refinanced the club and exchanged third mortgage bonds for preferred stock.
Reynolds also said it would redeem its outstanding first mortgage bonds, representing about $165 million.