THE BOND MARKET, 1962 AND 1963.

The article discusses the bond market during the period of 1962-1963 in the U.S. In 1962 there was a gradual decline in long term interest rates in the U.S. with the greatest downward trend occurring in the first five months. There was a simultaneous upward trend in the short term interest rates. The spread between corporate and government bonds lowered between 1960 and 1961. Also, the municipal bond market experienced unusual fluctuations between short and medium term bonds as well as low and high quality bonds.