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Some Savvy Bond Picks
SECURITY RECOMMENDATION RATIONALE YIELD
U.S. Ten-year Treasury Good capital appreciation and 5.56%
GOVERNMENTS yield without the interest-
rate risk and volatility of
long bonds.
MORTGAGE-BACKED Ginnie Maes 6% 100 basis-point differential 6.56
over Treasuries, low prepayment,
minimal credit-risk and
interest-rate volatility.
HIGH YIELD PSINet Stable operating history in 9.42
growing Internet service
provider industry
EMERGING Dollar-denominated Cheap, widespread over 9.77
MARKETS Thailand debt Treasuries, bonds but ex-
tremely volatile
DATA: SURVEY OF MONEY MANAGERS
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Updated June 4, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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