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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (8160)	11/16/1997 7:18:00 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 18056

Hi Sonka, >>i remember u said u trade bonds while back, r u stilling doing that? or do i remember this right? Yes, I have traded bonds on the long side a couple of times this year. I do not hold any bonds right now. With the discussions on this tread it looks like if the bond starts going down shorting them would be the way to play the game. >>also, high yield bonds (junk), are they suppose to be much safer now then in 80s? etc. fido's bond fund has been returning 13% or so. Right now I have about 5% of my portfolio in a high yeild bond mutual fund. This fellow has done well with high yeild bonds even when we had the crises. I own Merrill Lynch's fund and it has a couple of billion $ of high yeilds so it is not at vulnerable as some others with less capital. I am 50% in cash, money market funds backed by government securities right now. I don't want to put this money in bonds because they could depreciate in value. I don't have this thing figured out right now and am not taking very much risk. I have my buy and hold portfolio 100% hedged. I think the word is "uncertainty" or "chicken", whatever.:-) Also I have a few short positions, but not excessive at this point. Joan