When Washington runs a deficit, it can always make up the difference by selling bonds backed, ultimately, by the power to create money.

Its employment component slipped to 52 from 53.3, and the inflation component declined to 56.7 from 59.3 Rao Chalasani, chief investment strategist at Kemper Securities Inc., said he was happy with the market yesterday, as the long bond backed away from its 6.75 percent resistance level.

John Raidt, Mr. McCain's policy coordinator, said a study by the National Parks Conservation Association, a nonprofit group, had found that the Grand Canyon could raise $100 million by issuing bonds backed with a $2 part of its visitors fee.

For bonds backed only by New York City's promise to pay, the maximum yield was 7.84 percent for issues due in 2014 through 2017.

At that time, bonds backed only by the state's credit were offered with a maximum yield of 7.1 percent for bonds due in 2002.

At the time, Peregrine seemed convinced that the rupiah was sound and that it could soon resell the bonds backing the loan.

We should authorize local governments, including the state government, to issue revenue bonds - bonds backed only by a specified stream of revenue, rather than the full faith and credit of the issuer - in their own names, as the 49 other states do.

Convertible bonds, mortgage backed securities, and high-yield bonds can often be illiquid and difficult to value.

Instead, the M.T.A. plans to sell bonds backed only by the $1.50 fare.

Instead, it holds non-negotiable United States Treasury bonds and U.S. securities backed "by the full faith and credit of the U.S. government".