双语例句原声例句
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一般情况下，投资者可以通过以下两个渠道将债券兑现：一是在公开市场上转卖给其他投资者，二是等待债券到期后由发债公司赎回。
Usually, there are two ways an investor can cash in a bond: by selling it to another investor on the open market, or by waiting until the issuer redeems the bond upon its maturity.
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这些作为货币储备而被持有的债券只有在可以进行迅速而廉价的兑现时才算得上有用。
Bonds held as currency reserves are useful if they can be converted to cash quickly and cheaply.
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除非他们兑现了债券并且换成别的东西，否则就只是纸上资产。
Unless they can turn in their bonds and exchange them for something else, they're only paper assets.
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The shortest term debt instrument in the United States is the Federal Funds Rate, which is an overnight rate--one day maturity-- and the longest issued by the Government is a thirty-year government bond, which will be repaid three decades in the future.
美国最短期的债券,是联邦基金利率,隔夜拆兑,一天到期,而时间最长的国债,是一种三十年期的政府债券,未来三十年才兑现
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