Word: yielding
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Dates: during 1990-1999
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Harvard, however, could manage only five singles off Penn starter Craig Connolly, who did not yield a walk while striking out nine en route to a complete game shutout...
Thieves usually fence their loot for 5% of its "real" value. This robbery will yield nothing like that. The only professional thing about it was its speed. As art thieves, specialists in heisting old paintings under the best conditions for resale or ransom, last week's pair were bunglers. They cut some canvases off their support stretchers, a hasty amateur act that enables the painting to be rolled up but severely damages it by cropping and cracks the old dry paint like a potato crisp when it is rolled, thus causing big problems of restoration. (When another Vermeer, The Letter...
...falloff in stock prices suggests that the Tokyo market is newly vulnerable to financial forces beyond its borders. Most notably, Japan is feeling the effects of higher interest rates in West Germany, where the yield of government bonds has climbed briskly, largely due to concerns over the cost of monetary union with East Germany...
Despite their name, junk bonds -- more politely known as high-yield, high- risk bonds -- often serve a useful financial purpose. Companies that are too small to issue blue-chip bonds can use high-yield securities to raise money for expansion. Because their debt is considered riskier than the bonds of their larger brethren, the junk issuers must pay five percentage points or more above the prime rate...
Mutual funds own 30% of all junk bonds. Funds that promise "high income" or "high yield" are generally the ones that invest heavily in junk. Most prudent fund managers have been switching during the past year to more creditworthy issues, including Kroger and Fort Howard Paper. Yet the depressed market value of most junk securities means that fund investors who sell out now "will take some pretty substantial losses," according to Brian Ternoey, an employee-benefits consultant in Princeton, N.J., who advises clients to wait for the market to rebound...