They were priced at $99.792, to yield 9.783 percent, or 98 basis points over yields on Treasury securities of comparable maturity.

They all trade at a higher yield than the comparable maturity in the Treasury market, and the difference is called the spread.

The 10 1/4 percent notes were priced at par, or 1.48 percentage points over the yield on Treasury securities of comparable maturity.

The 9.30 percent coupon is 37 basis points over the rate on Treasury securities of comparable maturity.

The interest rate differential, or spread, relative to Treasury issues of comparable maturity has narrowed to 9.09 percentage points, from 10.85 a month ago.

That differential is less than that for other Government agency issues of comparable maturity.

They yield about 7.5 percent, compared to 5.75 percent for Treasuries of comparable maturity.

The coupon is 60 basis points over yields on outstanding Treasury securities of comparable maturity.

The rest of the issue, which is tax exempt, was repriced to yield 6.627 for the comparable maturity.

The notes were priced at par, and carry a yield about 67 basis points more than Treasury securities of a comparable maturity.