91. Bunds again lagged the U.S. market, even though inflation concerns pushed U.S. bond yields higher. 92. But commercial farmers have embraced them rapidly because they produce higher yields and, for now at least, reduce reliance on harsher chemicals. 93. But even though there appeared to be interest at these higher yield levels, traders said investors remained cautious. 94. But higher yields can produce insipid wines, which once led to rampant and illegal strengthening with heavier wines from the Rhone or the Midi. 95. But higher real yields also reflect the heavy demands for credit that overborrowed governments themselves are placing on the markets. 96. But higher yields mean higher interest rates, which the government wants to avoid. 97. But the CDs come due more frequently and can be invested at higher yields if interest rates rise. 98. But the worries over the federal budget have pushed yields higher and prices lower. 99. Buying foreign utilities also has the effect of forcing some funds to reach for higher yields in their domestic holdings. 100. But while some investors may be tempted by the higher yields that junk bonds now offer, Paulsen advises sticking with a portfolio of high-grade issues. |