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  • Advice: Buy high-yield bond funds with short duration and an average credit rating close to BB — or buy one of three highyield ETFs.

    How To Play Rising Rates

  • The company announced the sale of $750 million worth of highyield seven-year bonds -- and found such positive response that it doubled the offering to $1.5 billion, creating the biggest junk-bond issue since late 1989.

    Rjr Nabisco: Junk Buyers At The Gate


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