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The Mavens Scope Out Bonds
To get an idea of where interest rates and inflation may be headed, BUSINESS
WEEK interviewed 25 managers of bond mutual funds rated three stars or better
by Morningstar Inc. Here is a sampling of their forecasts
NAME/FUND LONG BOND YIELD
DEC.'97 JUN. '98 DEC. '98
ROBERT RODRIGUEZ FPA New Income 6.60% 6.80% 7.00%
FRED QUIRSFELD Amex / IDS Bond 6.50 7.00 7.25
DANIEL FUSS Loomis Sayles Bond 6.50 5.90 5.30
PAUL KAPLAN Vanguard GNMA 6.25 6.00 6.00
KENT NEWMARK Loomis Sayles US Govt 6.50 6.25 6.25
ROBERT AUWAERTER Vanguard LT US Treas. 6.75 7.00 NA
WAYNE GODLIN Van Kampen Am Cap Hi Yld 6.50 6.25 6.00
CLARK WAGNER Executive Investors
Tax Exempt 6.50 6.25 6.00
NAME/FUND FEDERAL FUNDS RATE
DEC.'97 JUN. '98 DEC. '98
ROBERT RODRIGUEZ FPA New Income 5.50% 5.75% 5.50%
FRED QUIRSFELD Amex / IDS Bond 5.50 6.25 6.50
DANIEL FUSS Loomis Sayles Bond 5.75 4.50 4.75
PAUL KAPLAN Vanguard GNMA 5.50 5.00 5.00
KENT NEWMARK Loomis Sayles US Govt 5.50 5.25 5.25
ROBERT AUWAERTER Vanguard LT US Treas. 5.50 6.00 NA
WAYNE GODLIN Van Kampen Am Cap Hi Yld 5.50 5.75 5.75
CLARK WAGNER Executive Investors
Tax Exempt 5.50 5.75 5.75
NAME/FUND 5-YR. EST. LOW 5-YR. AVE.
ON LONG BOND INFLATION
ROBERT RODRIGUEZ FPA New Income 6.00% 2.75%
FRED QUIRSFELD Amex / IDS Bond 5.00 2.00
DANIEL FUSS Loomis Sayles Bond 5.00 2.00
PAUL KAPLAN Vanguard GNMA 5.00 2.00
KENT NEWMARK Loomis Sayles US Govt 6.00 2.75
ROBERT AUWAERTER Vanguard LT US Treas. 6.00 2.75
WAYNE GODLIN Van Kampen Am Cap Hi Yld 5.50 2.75
CLARK WAGNER Executive Investors
Tax Exempt 5.50 2.75
NA = Not available
DATA: BUSINESS WEEK SURVEY
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Updated Oct. 23, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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