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Tests running at two big sawmills, in Europe and in America, suggest that the improvement in yield can run from 2% to 18% for different kinds of tree, with an average gain of 10% in the value of the timber produced from a log.
ECONOMIST: Chopping wood
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Allowing for the differences and complexities of real-world application environments, even the lowest improvement estimates of 60 percent yield tremendous savings.
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After months of continued improvement, Spanish bond markets deteriorated as well, with the yield on 10-years jumping dramatically to 5.44%, hitting its highest levels since mid-December.
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The implied annual yield now stands at 3.1% which of course is a slight improvement in our methodology.
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And it was this relentless improvement, and in some cases a lower price that was able to beat our competition and yield the market share that it did.
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The three-month London Interbank Offered Rate was 3.42% on Wednesday, a vast improvement from the 4.82% earlier this month but still high considering the corresponding Treasury bond yield.
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