11. The average bond in the portfolio has an " A " rating from Moody's Investors Service and Standard & AMP; Poor's Corp. 12. Rising interest rates caused the average bond fund to lose 3.2 percent of its value in 1994, according to Lipper Analytical Services. 13. The average bond yield on a basket of 13 government bonds, as compiled by the Swiss National Bank, was unchanged at 3.34 percent. 14. The group that had reflected on mortality set an average bond of $ 455, while the control group's average bond was $ 50. 15. Even so, the Lehman Government Index is up 10.84 percent this year, better than the average bond fund's performance of 8.32 percent higher. 16. The group that had reflected on mortality set an average bond of $ 455, while the control group's average bond was $ 50. 17. When specific areas of the bond market are examined, it becomes clear that the average bond fund came in well below its corresponding index. 18. Rising interest rates caused the average bond fund to lose 3 . 2 percent of its value in 1994, according to Lipper Analytical Services. 19. We own no bonds rated below investment grade and the average bond held in the portfolio has a maturity of no longer than five years. 20. The average bond yield on a basket of 13 government bonds, as compiled by the Swiss National Bank, was unchanged at 3 . 34 percent.
