Financial Times FT.com

Investors look anew at the power of bonds

By Jennifer Hughes in New York

Published: February 8 2006 20:12 | Last updated: February 8 2006 20:12

Just before 1pm on Thursday, eastern standard time, anxious dealers will gather on New York trading floors to determine their final bids for the most talked-about bond sale in years.

Armed with the distilled wisdom of clients, traders and strategists, they will key their bids into a secure system. Less than two minutes later, the screens will reveal how they have fared in the first 30-year US government bond issue since 2001.

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