And the new 6 7/8 percent five-year notes were offered at 100 15/32, to yield 6.76 percent.

And the new 9 percent two-year notes were offered at 99 7/8, down 2/32, to yield 9.07 percent.

The work is far from 99 44/100 percent pure, but it is being billed as "96.9 percent new."

It hit a new high in the week ended Aug. 2, with almost 70 percent of the applications for refinancing.

And the new 7 3/4 percent two-year notes were offered at 100 2/32, up 1/8 point, to yield 7.71 percent.

Meanwhile, the new 9 percent 10-year notes dipped by 5/32, to an offered price of 100.

By late in the day, the new 8 percent 10-year notes were offered at a price of 99 6/32, down 14/32, to yield 8.12 percent.

But the new 7 percent three-year notes were unchanged, at 99 23/32, to yield 7.10 percent.

And the new 8 percent 30-year bonds were offered at a price to yield 7.87 percent.

And the new 9 1/4 percent two-year notes were offered on a when-issued basis at a price to yield 9.18 percent.