81.   Utility stocks are sensitive to bond price swings because they often have large bond holdings.

82.   Vanderheiden has whittled down his bond holdings over the years, but they remain a major drag on performance.

83.   We excluded the tiny bond holdings.

84.   Banks also have significant bond holdings whose value falls when interest rates rise.

85.   Interest payments from overseas bond holdings were the main factor inflating the income surplus for the entire year, the ministry said.

86.   The government was seeking to defend the ruble as investors fled from the currency and unloaded bond holdings.

87.   The worry was that Japanese fund managers might be tempted to cut their losses from the sinking dollar by selling some of their big U.S. bond holdings.