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MIT, Princeton Bonds Lead Harvard to Top in August Safety Bid

Debt from Massachusetts Institute of Technology, Princeton University and Harvard University were the top performing U.S. investment-grade bonds in August as the highest-rated securities lured investors concerned that the economy is slowing.

The bonds, which trade above 120 cents on the dollar, rallied at least 9 percent, according to Bank of America Merrill Lynch index data. MIT’s $750 million of 100-year bonds gained the most, jumping to 121.9 cents on the dollar on Aug. 26 from 104 cents in July, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.