Select 5% on 55 trading stations for 30 years

AS AT 31 AUGUST, THE UNITED STATES HAD A 30-YEAR NATIONAL DEBT RETURN OF OVER 5 PER CENT ON 55 TRADING DAYS, UP FROM 50 DAYS IN 2007 AND THE HIGHEST SINCE 2006; IT HAD REACHED 91 DAYS THROUGHOUT 2006. THE UNITED STATES DEPARTMENT OF THE TREASURY DAILY CURVE SHOWS THAT THE RATE OF RETURN FOR THE 30-YEAR PERIOD AS AT 31 AUGUST WAS 5.25 PER CENT. THIS HIGH LEVEL OF LONG-TERM DEBT CANNOT BE ATTRIBUTED SOLELY TO THE INTEREST RATE HIKE EXPECTED BY THE FED. OIL PRICES HAVE RETURNED TO $90 TO RAISE INFLATION IN THE LONG TERM, FISCAL DEFICITS AND DEBT SUPPLY HAVE CONTINUED TO RISE, AI HAS CONCENTRATED ITS DEBT AND COMPETES FOR LONG-TERM FINANCING WITH US DEBT, AND THE WEAKENING OF OFFICIAL FOREIGN PURCHASES HAS FORCED THE MARKET TO RELY ON MORE PRICE-SENSITIVE PRIVATE INVESTORS. KIM XIAN