The flip side of the lack of confidence in stocks is an overextended bull market in fixed-income securities, Buffett said.

股票市场缺少信心的另一面是固定收益市场过渡扩张的牛市，巴菲特说。

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China has long applied stringent controls. On October 4th Brazil doubled a tax it charges foreigners on investments in fixed-income securities to 4%.

中国就历来实行严厉的控制，而巴西则在10月4号将固定收益债券对外国投资人的税率提高到4%，比以前翻了一翻。

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All these activities have promoted strong inflows into US Treasuries and other fixed-income securities, but it's difficult to gauge how strong their influence has been on US yields.

所有这些行动都造成有大量的资金已经进入美国的国库债券和各种固定收入证券，不过，现在人们还很难以测定它们已经给美国的收益造成多强烈的影响。

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Get yields of 8% to 15% on top of huge capital gains in fixed-income securities.

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Interest rates on global fixed-income securities currently range from less than 1% to 5%.

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Get yields of 8% to 15% in fixed-income securities, including bank convertibles and preferred stock.

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