通胀保值债券的负收益不过是常规债务低收益的必然结果。
The negative yield on inflation-linked bonds is just a corollary of the very low yields on conventional debt.
理解这些债券的最好办法是，投资者用通胀保值来换取低初始收益。
The best way of looking at these bonds is that investors trade inflation protection for a lower starting yield.
理解这些债券的最好办法是，投资者用通胀保值来换取低初始收益。
The best way of looking at these bonds is that investors trade inflation protection for a lower starting yield.
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