YIELD TO
SECURITY                          MATURITY   RATIONALE

U.S. GOVT. 10-YEAR OF OCT. 2006    6.47%     Better returns than newly
                                             issued debt

FANNIE MAE 6 5/8% OF SEPT. 2009    6.92%     Mortgage giant yields half
                                             point more than Treasuries

NIAGARA MOHAWK 7 3/4% OF 2008      7.80%     N.Y. utility reducing its
                                             debt

VALERO ENERGY 7 3/8% OF 2006       8.25%     Higher oil prices are
                                             buoying energy companies'
                                             bonds

NEXTLINK 10 3/4% OF 2009          10.55%     Craig McCaw's phone company
                                             besting Baby Bells for new
                                             biz


DATA: BUSINESS WEEK SURVEY OF MONEY MANAGERS