FEATURE-Convertible bonds an option when stocks look dicey

Newswire

By Jonathan Stempel NEW YORK, Aug 25 (Reuters) - Convertible bonds, often a refuge from stocks, are suffering a long, parched summer. "The last two months have been among the most trying times for convertibles in a long while," said Venu Krishna, head of U.S. convertible research at Lehman Brothers Inc. Convertibles combine some of bonds' perceived safety with some of stocks' upside potential. They usually pay interest, though less than a regular bond, and are convertible into stock at ...

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