Labels:crt screen | earth | monitor | oscilloscope | reckoner | sky | windowpane OCR: WHAT MAKES GLOBAL EROND EUNDS SOFLIGHTY The chiart shows why currenci flucluations poscahazardfor tupdsthat invest in) foreign honds The blue line tracks eignbond returms quarter h quarter in Icurrenciest the redl line whatthey rpaiau.s investors afte currency change After theoulf entiin trs 166 Hor xample handcd U.S investors 4.3% l066 159 1986 1990 TOTAL RETURNS IN LOCAL CURRENCY TOTAL RETUANS V.S. DOLLARS SOURCE J.P MORGAN SECURITIES INC. BOND chart cuITency rflucluations posc ahazard Ifor Hupds that bonds Jine eigh retums currencicsy thei thet gulf stendint first forexample aHiging dollar
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