It's a fair question, considering the market turmoil we have experienced, and many market participants - investors, bond issuers and regulators - have asked it.

考虑到我们刚刚经历过的市场动荡，而且许多市场参与者(投资者、债券发行者与监管者)都曾经问过这个问题，我不得不说这是个合情合理的问题。

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For so long as Britain remains in a minority outside the monetary union, its interests (such as the City of London bond markets) will be fair game for the majority inside it.

ECONOMIST: Britain and Europe

Bill Gross, a fixed-income champion at Pimco, an American asset-management firm, predicted last September that bond returns will outstrip equities until share prices fall to their fair value, that is, until the Dow Jones Industrial Average is at 5, 000 rather than today's 8, 000-odd.

ECONOMIST: Investment: In search of those elusive returns | The

Bonds pay interest based on the expected inflation rate until maturity, plus a fair risk premium over inflation based on the riskiness of the bond.

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