| BUSINESSWEEK ONLINE : JUNE 14, 1999 ISSUE | ||||||||
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| COVER STORY
For the Record: Kevin McClintock Kevin McClintock, director of equities and taxable bonds for Dreyfus Corp., talked with Personal Finance Editor Toddi Gutner ON INFLATION We'll see a modest uptick due to commodities bouncing off their lows, but for the long term, it should remain low. ON THE FEDERAL RESERVE The Fed doesn't need to raise rates to cool the economy. The bond market has already done the Fed's work. However, they may wish to raise rates 25 basis points to let some air out of the equity market. ON THE BOND MARKET [Yields on] bonds are in a trading range of 5% to 6%. Long rates were unsustainably low at 4.75% and unsustainably high around 6%. ON THE BEST BUYS IN BONDS Investment-grade corporates, high-yield, and mortgages offer better value than intermediate-term Treasuries. Long-term Treasuries look attractive as yields approach 6%. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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 RELATED ITEMS Make a Buck in Bonds For the Record: Kevin McClintock TABLE: Good Value in Bonds INTERACT E-Mail to Business Week Online | |||
