Rather, intermediate bonds - to no more than 10 years - are recommended as the best choice now.

In 18 of those 20 years, you'd have had a positive total return in intermediate bonds.

"I think the better relative values will be in the intermediate corporate bonds," he said, referring to securities with maturities of two to seven years.

Dealers said price declines of intermediate and long-term bonds ranged from one-quarter of a point to three-eighths of a point.

Income seekers should stick to short or intermediate bonds.

The insertion of carbon monoxide in an intermediate metal-phenyl bond can lead to the formation of benzaldehyde or by subsequent hydrogenation to benzyl alcohol.

Traders in secondary corporate and municipal bond issues said that prices on most intermediate and long-term bonds rose by between one-eighth and one-quarter of a point yesterday.

CIT Group, $750 million of an intermediate global bond.

Over all, the combination is intended to produce a fund with the same risk levels as intermediate bonds, but with higher returns.

Nevertheless, prices of intermediate and long-term corporate bonds dipped by between three-eighths and five-eighths of a point, dealers said.