Business & Finance: Down Bonds, Down Interest

From the all-time peak of 106 set last Dec. 12 by the Dow-Jones averages the bond market drifted downward to a low of 99.5 on June 29. In July it was up again almost to 102, but last week, in a market so thin that the offer of 100 bonds started amazing rumors, the averages slumped to 100.4. Conspicuous in the fall, of course, were Japanese issues (see p. 18), some of which plummeted five points in a day. Otherwise greatest pressure was upon U. S. Government issues, some of which dropped more than half a point. To U. S. banks,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!