Indeed, some municipal bond issues have fallen as much as $40 per $1,000 bond since early August.
Late last week, the 30-year zero-coupon issues were offered at about 9.25, or $92.50 per $1,000 bond, to yield about 8.18 percent.
The Treasury's 30-year bond rose 20/32 of a point, or $6.25 per $1,000 bond.
Just over a month ago, the Macy 14.5 percent senior subordinated debentures, due in 1998, were trading at $980 per $1,000 bond.
The Austin bonds sold with an unusually small underwriting spread of $5.20 per bond.
This amount is typically $1000 per bond.
Molecular bond energies are on the order of 1-10 eV per bond.
There are two electrons shared per single covalent bond.
That should work out to about $338 per $1,000 bond now outstanding, the company said.
The standard unit of measure for Treasury note and bonds was traditionally 1/32 of a point, or 31.25 cents per $1,000 bond.