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Smart Bond Buys
SECURITY RECOMMENDATION
U.S. GOVERNMENTS Ten-year Treasuries
MUNICIPALS California state
5%'s of 2010
CORPORATE Sak's 7 1/4%'s of 2004
HIGH-YIELD Global Crossing Ltd.
9 5/8%'s of 2008
FOREIGN MARKETS Brazil 10 1/8%'s of 2027
YIELD-TO-
SECURITY RATIONALE MATURITY
U.S. GOVERNMENTS With yield curve flat, 4.6%
offers best chance for appreciation
if Fed cuts rates further
MUNICIPALS Higher return than 10-year 4.70
Treasuries--and tax-free status
gives them effective yield of 7.8%
or higher
CORPORATE New owner Profitt is sure to bring 7.03
high-end retailer's cost structure down
HIGH-YIELD Owner of undersea fiber-optic 9.4
cables likely beneficiary of global
telecom boom
FOREIGN MARKETS The International Monetary 15.2
Fund won't let Brazil fail
DATA: SURVEY OF MONEY MANAGERS
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Updated Dec. 17, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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