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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (95793)5/3/2002 10:54:34 AM
From: Michael Bakunin  Read Replies (1) of 132070
 
My view on high yields in general is not negative. If the economy comes back (which I expect) then spreads on junk and corporates should narrow. However, I think there are risks, too, including inflation and the dollar, which is why I wouldn't mind having a hedged short position in something like BHY.

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