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英文水平太高
看不懂,谢谢。
Post by investsmart
Let's say an investor bought the 10-year Treasury note on July 23 at 97 7/8 to get a yield of 4.12%. The price has since climbed to 103, and that yield has fallen to 3.64%. That investor is happy he bought the note instead of a 30-day T-bill.
But one of these days the stock market will start a new uptrend.
By that time, long-term government bonds will likely have taken a huge hit as improving economic conditions push yields higher. (Bond prices move in the opposite direction as yields.)
They could have lost the extra demand from safe-haven seekers. For long-term investors, that's OK. They may be holding the note for the entire 10 years. Price swings don't bother them, as long as the government pays off at maturity.
But if you parked your cash in that 10-year T-note with the thought of selling it when stocks turn around, you'd be in trouble. |
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