The risk premium that investors usually demand for holding bonds over a longer period has shrivelled.

投资者在持有较长期债券时，通常要求获得风险溢价，而在这种情况下，长期国债的风险溢价已经大大降低。

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Spreads on Greek government bonds (the risk premium compared with German bonds) reached a 13-year high as investors worried that the proposed rescue plan for Greece could stall.

投资人担心提议中的拯救方案将会停滞不前，因而希腊国债的利差(与德国国债相较的风险贴水)达到了十三年来的高点。

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While there is still a risk premium paid for emerging market bonds, that risk premium is shrinking as these economies grow and become better managed.

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Its level reflects all sorts of things, including demand from investors for bonds, expectations of future inflation and a risk premium for holding longer-term assets.

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The equity risk premium is usually viewed as the extra return that investors demand for holding equities rather than risk-free bonds.

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