A rise in bond yields is part of a return to more normal market conditions and is nothing to worry about.

债券收益率的增长部分是由于回归了更为正常的市场环境，无需担心。

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At its meeting last month, the Fed hinted that future bond purchases would help get inflation back to more historically normal levels.

美联储在上个月的会议上表示，未来会购买债券，有助于把通货膨胀率拉回到历史正常水平。

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One possibility is that the economy will start returning to normal, in which case short-term interest rates will rise and bond markets will suffer.

有一种可能性是，经济将重回正常状态。在这种情况下，短期利率将升高并且债券市场会遭受冲击。

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In effect, a convertible consists of two bits: a normal bond, plus an option to buy equities.

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And historically it has been less sensitive to interest-rate moves, so in that sense it is not quite like a normal bond.

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When rates rise to more normal levels, bond prices will drop just as the sun falls in the evening as it plummets toward the horizon as it sets in the west.

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