So, if a bond was issued when interest rates were lower, they might have a 4% coupon when the prevailing rate is 6%.
所以,如果一只债券在利率很低的时候发行,在汇率为6%的的时候,它们可能有一个4%的票息。
Well it could go twenty basis points lower but interest rates can never be negative.
呃,它可以再跌二十个基本点,但是利率永远不能是负值。
Buying them tends to push up the price; that tends to influence the yield down so it encourages a lower level of interest rate.
买进它们,导致价格上升;,导致参数降低,所以它鼓励一个低的利率水平。
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