It is this commitment to intervene without limit that has cowed speculators hoping to profit from bond-market distress.

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Brut, for example, borrowed a practice from the fixed-income side by paying traders to supply limit orders--a commitment to buy a stock at a specific price--to draw sellers to the exchange.

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Mr Suharto has yet to demonstrate the necessary commitment to seeing through any reform, so his devotion to this one would be tested to its limit.

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