51.   Most pension funds usually do worse than the stock market because of large bond holdings.

52.   Moreover, now is a good time to shorten the duration of bond holdings.

53.   Nikko officials declined comment on the extent and impact of their Peregrine bond holdings.

54.   Other banks tracked NatWest and HSBC higher, lifted as rising bonds increased the value of their large bond holdings.

55.   Retail banks and insurers rose, helped by the outlook for lower interest rates and fueled by rising bonds, which increase the value of their bond holdings.

56.   Rising yields decrease the value of bond holdings, which insurance companies like General Re build up with the premiums they receive.

57.   Rising yields in turn decrease the value of their bond holdings.

58.   Shortening the average maturity of bond holdings in the current market preserves much of the yield of longer issues with significantly less risk.

59.   Since I presume the tax-free bond fund holding was purchased with a view to your own tax situation, Id suggest no change there.

60.   Some say the safety zone should be longer, meaning that bond holdings should be enough to cover five to seven years.