Word: bondses
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The markets for everything from Chinese ceramics to Government bonds last year provided a classic case study of what happens to investment values when interest rates and inflation begin to slide. Collectibles, which once glittered in the glare of rising prices, assumed a certain dowdiness, while the stock market won...
Bonds had their best year ever. According to Salomon Brothers, the return on high-quality long-term corporate bonds was 44%, counting price appreciation and assuming that interest was reinvested. U.S. Government bonds, one of the safest investments around, returned 41%. Next to that, the 20% rise in the 30...
"Nobody buys municipal bonds out of love for financing the home-town sewer system," says Lebenthal, 54. Instead, in an ever changing series of advertisements that all carry the same message, he drives home the lesson that municipal bonds can pay hefty returns to people who earn $50,000 a...
All municipal bonds are exempt from federal taxes. They are especially attractive to residents of the state or city selling them, because then they are usually exempt from state and local taxes as well. For example, a New York City couple with a taxable income of between $45,800 and...
The fine stories in Bobbie Ann Mason's first collection are set mostly in western Kentucky, where her characters inhabit a "ruburb," an area no longer rural but not yet suburban. Times are changing, and bonds are loosening. Old farmers sell out and head for Florida in brand-new...