Rather than benefiting from company profits the way that stock holders do, bond holders receive a fixed rate of return - a percentage of the bond's original offering price.

债券持有者不像股票持有者从公司的盈利中分红获利，而是以债券发行价格的一定百分比的固定回报率来获利。

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The key to optimize the cost of bond issue lies on the lowering of the high return rate of the second market of government bond and the optimization of its term structure.

优化国债发行成本的关键在于降低国债二级市场偏高的收益率，优化国债期限结构。

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But younger investors also might want to consider repaying at least some of their mortgage using money they otherwise would invest in bonds, simply because repaying the mortgage offers a higher rate of return than that available in the bond market.

WSJ: Upside: Pay Off That Mortgage Now!

Typically mutual funds is where we are looking at quite substantially right now for really one reason, and those tend to trend better with a lot less risk, so you know you can have market-like rate of return on high-yield-bond mutual funds with historically a third of the downside risk of the markets.

FORBES: 2 Dividend ETFs for a Risky Market

Typically, buyers of perpetual bonds receive a fixed rate of return but expect the issuer to redeem the bond after several years.

WSJ: Perpetual Bond Risk Rises With US Treasury Yields