Selecting Bonds for Capital Gains

D RAMATIC developments in the bond market recently have provided a smorgasbord for investors and speculators. Bond yields of up to nine per cent per annum. have. been wellpublicized and are attracting investors to bonds for extra income. For the long-term. investor there is the assurance of continuing high income on bond commitments, in contrast to savings bank interest that can be cut by the banker if interest rates ease. For tax-sensitive investors, a large part of the yield on deep-discount bonds is in the form of capital gains. For the person with definite future obligations