Word: tilford
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Dates: during 1971-1971
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...consequence of the rush into bonds is that rates on long-term corporate issues have rebounded from a January low of 6.8% to about 7½%. The extra cost deters few companies. "They borrow when they need it, and not because the rates are down," says Economist Tilford Gaines, of New York's Manufacturers Hanover Trust Bank...