Your Money: Aug. 9, 1999

EURO TRASH New to the U.S. market, high-yielding euro junk bonds are posting big returns while "safe" investments such as 10-year T bills are faltering. Why the appeal? Europe is deregulating its markets, stirring growth, competition and M&A activity similar to the U.S. in the '80s. The weakened euro is also expected to rebound against the dollar, but currency trading and high-yield bonds are risky. Don't bet the farm.

FOOD FIGHT Roquefort cheese, truffles, chocolate bars, foie gras--the U.S. slapped 100% tariffs on these and other gourmet imports after Europe failed to lift its 10-year ban on American beef treated with...

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