These are long-term government bonds and I--now these are--since they're long-term, they have some uncertainty and variability to them.

这些是长期政府债券,由于它们是长期的，就存在不确定性和变化性。

耶鲁公开课 - 金融市场课程节选

We have to ask then, how do we get the price and the yield from this?

怎样确定这种债券的价格和收益呢

耶鲁公开课 - 金融市场课程节选

I have stocks, bonds, and oil but I want also to add one more final asset, we'll call it the riskless asset, long-term bonds are somewhat uncertain and variable because they're long-term.

有股票，债券和石油,我还想再增加最后一种资产，我们称之为无风险资产，由于长期债券持有期限很长,存在一定不确定性及风险。

耶鲁公开课 - 金融市场课程节选

he says, all investing is about coupon clipping and the difference between equities and bonds are that bonds come with a coupon that's known and equities have earnings in the future that you don't know.

他说，所有的投资都是关于票息剪券的,股票和债券的区别是,债券有确定的票息,而股票的收益发生在未来,你是无法确定的。

耶鲁公开课 - 金融市场课程节选