If it is a stock (or other security, including a bond), you can borrow it and agree to sell the stock to someone at some specified date in the future at a specified price.

如果是一支股票(或者其他证券，如债券)，你可以从别处融券(借股票)，并同意在未来某个指定日期、以某个指定价格卖给某人。

youdao

Now consider the case in which the central bank wants to establish a bond price that is above the market equilibrium price; in fact, the central bank is then pursuing a minimum price policy for bonds.

现在考虑这种情况，央行想将债券价格确定在高于市场均衡价格的水平；事实上，这时央行实行的是债券最低价格政策。

youdao

Then again, since central Banks are such big players in government-bond markets these days, is the yield a true "market price"?

自央行在国债市场中扮演如此重要角色以来，这样的收益率还是真实的“市场价格”吗？

youdao

For those holding 30-year bonds, a 1% rise in rates translates to a 20% drop in the bond price.

FORBES: The Week Ahead: Can Diversification Ruin Your Return?

The biggest gains on U.S. government debt has come from capital gains pops in the bond price, not reinvested coupon payments.

FORBES: Outside Of Treasurys, Emerging Market Debt World's Best Buy

The longer the duration, the bigger the change in a bond's price for a given change in yield.

ECONOMIST: Buttonwood