Corrections & Clarifications
"That old bond magic may not last" (Mutual Fund Scoreboard, Feb. 4, 2002)
In "That old bond magic may not last" (Mutual Fund Scoreboard, Feb. 4), the market-value loss resulting from a 5% 10-year Treasury bond's yield rising to 5.5% should have been stated as a little under 4%, rather than 10%. Only a zero-coupon bond would have suffered a 10% loss. Also, the highest-quality junk debt pays about 4 percentage points, not 9.8 percentage points, above Treasuries.
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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