Bonds Bonds are debt owed by a government or a company. / The holder of a bond is paid interest until the date when the bond

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答案 Bonds Bonds are debt owed by a government or a company. / The holder of a bond is paid interest until the date when the bond matures. / Then the amount of the bond, its face value, is paid back. / Investors can buy a new bond and keep it until it matures. / Or they can buy and sell existing bonds. / The return on a bond is called the yield. / Yields and prices of existing bonds can change as investors trade them. / Yields fall when investors seek the security of bonds / and are willing to pay higher prices. / Yields increase as prices fall. / Higher yields raise the cost for individuals and businesses to borrow money. / Rising yields can also hurt stock prices. / When yields rise, investors often sell stocks in order to buy bonds. / If investors can get high yields holding low-risk bonds, / or simply keeping money in the bank, they will do it. /

解析     债券
   债券是一种由政府或公司发行的债务凭证。债券持有者在债券到期时能收到利息,然后是返还的债券金额,也就是债券面值。投资者可以购买新债券并一直持有至到期日,也可在债券有效期内买卖债券,以赚取差价。债券的回报称为收益。当投资者为寻求债券的安全性而愿意支付更高价格的时候,收益会降低。相反,价格下降时收益增加。
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