
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, April 13, 1991                   TAG: 9104130251
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

U.S. GOVERNMENT CALLING IN BONDS

With interest rates headed toward their lowest level in years, companies and state and local governments are going on a refunding binge. They are paying off their high-yield bonds early and replacing them with lower-yielding debt.

If you own a bond subject to early call - and most bonds are - be prepared to reinvest. A good area to investigate is mortgage-backed securities such as Ginnie Maes that now yield around 9 percent interest.

The minimum investment is $25,000, but mutual funds and unit trusts offer shares of the mortgage market for $1,000 or less.

by CNB