介绍： 版权归原作所有，仅供此学习，若有侵权请告知删除。
[12:11.98]The last reading.
[12:14.85]Bonds
[12:17.02]Bonds are debt owed by a government or a company.
[12:22.25]The holder of a bond is paid interest until the date when the bond matures.
[12:28.84]Then the amount of the bond, its face value, is paid back.
[1...

介绍： 版权归原作所有，仅供此学习，若有侵权请告知删除。
[12:11.98]The last reading.
[12:14.85]Bonds
[12:17.02]Bonds are debt owed by a government or a company.
[12:22.25]The holder of a bond is paid interest until the date when the bond matures.
[12:28.84]Then the amount of the bond, its face value, is paid back.
[12:35.13]Investors can buy a new bond and keep it until it matures.
[12:40.79]Or they can buy and sell existing bonds.
[12:45.15]The return on a bond is called the yield.
[12:49.31]Yields and prices of existing bonds can change as investors trade them.
[12:56.59]Yields fall when investors seek the security of bonds
[13:02.92]and are willing to pay higher prices.
[13:06.59]Yields increase as prices fall.
[13:10.07]Higher yields raise the cost for individuals and businesses to borrow money.
[13:17.23]Rising yields can also hurt stock prices.
[13:22.89]When yields rise, investors often sell stocks in order to buy bonds.
[13:30.29]If investors can get high yields holding low-risk bonds,
[13:36.27]or simply keeping money in the bank, they will do it.