The 10 1/4 percent notes were priced at par, or 1.48 percentage points over the yield on Treasury securities of comparable maturity.

The 9.5 percent coupon was 1.53 percentage points over the yield on the 8 percent 10-year Treasury notes at the time of pricing.

They were offered at 98 3/4, to yield 9.194 percent, or 35 basis points over the current yield on Treasury securities of comparable maturity.

They were priced at 99.50 to yield 8.701 percent, 55 basis points over the current yield on 10-year Treasury bonds.

They were priced at 99.37, to yield 9.84, or 95 basis points over the yield on 10-year Treasury notes.

They were priced at 99 7/8 to yield 9.47 percent, or 60 basis points over the current yield on Treasury securities of similar maturity.

The coupon was 76 basis points over the prevailing yield on the 9 percent three-year Treasury notes at the time of pricing.

This was interpreted as referring to the disputes over the low yield of the 2006 test.

The spread over the seven-day average yield narrowed by two basis points, to 73.

The final pricing came in a little lower than the spread that investors had expected, of four percentage points over the yield on the 10-year Treasury.