pare.02

frames

• Although [_ARG0 Mr. Paul] has [_rel pared] [_ARG1 a $ 1.35 billion *U* junk-bond portfolio] to [_ARG4-to less than $ 900 million *U*] [_ARGM-TMP since April] , the high-yield debt market has plummeted .
• [_ARGM-TMP Since April] , [_ARG0 it] has [_rel pared] [_ARG1 its high-yield bond holdings] to [_ARG4-to about $ 890 million *U*] from [_ARG3-from $ 1.35 billion *U*] .