In late dealings in New York, the dollar rose to 130.88 Japanese yen,from a 1989 high of 130.70 Wednesday.

In late dealings, the discount rate on Treasury 90-day bills was down eight basis points on the day, at 7.89 percent.

In late dealings, the 8 3/8 percent notes of 1991 rose 4/32, to 100 30/32, for a yield of 7.84 percent.

In late dealings and after several bouts of profit taking, the long bonds were being offered at 103 7/32, up a strong 66/32, more than two full points.

As a result, late dealings here found the mark being offered at 1.8170, up from 1.8085 at Monday's close.

Some dealers said much of the late dealings consisted of trying to attract elusive investors with price markdowns.

Still, late dealings found the discount rate on the 90-day Treasury bills up 3 basis points, at 5.87 percent.

In late dealings in New York today, the dollar fell to 132.57 Japanese yen, from Tuesday's 133.40.

After the close, Microsoft reported earnings that were shy of the most optimistic predictions, and the stock fell in late dealings.

In late dealings in New York, the dollar traded at 123.80 yen, down from 125.15 at last Friday's close.