Coming rate adjustment could benefit some savings bond investors

Bad news is relative. A drought-stricken farmer will welcome arainy forecast, but it's terrible news for a parent hosting abirthday barbecue for 25 toddlers.

The same is true of interest rate forecasts. The prospect ofhigher rates horrifies borrowers and stock investors. But millions ofpeople who rely on income from certificates of deposit and moneymarket mutual funds would love an end to record-low rates.

Unfortunately for interest-starved savers, many economists don'texpect the Federal Reserve Board to raise interest rates until laterthis year. That means CDs and money market funds will continue togather dust for a while.

But savers have one shot at higher …