When bond prices fall, yield rises, because the interest rate of a bond is a fixed percentage of the bond's face value.

当债券价格下跌，收益将增加，因为债券的利率与债券票面价值的比例固定。

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A bond where the coupon's interest rate remains fixed for the entire term. Interest rate movements affect the bond's price not the coupon.

固定利率债券在整个债券有效期限内，债券的息票利率保持不变的债券。利率的变动影响债券的价格而非息票。

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Saving your money in a current account gives you less interest than in a fixed rate bond for five years.

将钱存人活期账户五年所得利息要少于投人定期利率债券五年所得利息。

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For one thing, it is hard to know how much companies have in fact lengthened the maturity of their debts because the interest-rate swap market allows them to swap those fixed bond payments into cheaper floating debt, a popular strategy in the investment-grade market.

ECONOMIST: Better to feast on cookies than junk bonds

Another reason demand for the long bond has been so voracious is that a lot of investment banks still use them to hedge their corporate-bond positions and interest-rate swaps (between fixed- and floating-rate obligations).

ECONOMIST: Bond bombshell

The fact that early bonds had no fixed maturity date ensured that any change in interest rate was fully reflected in the capital value of the bond.

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