Bonds feel "safer" because they promise a fixed rate of interest, but the problem is that bonds can actually lose money in the short term as well, particularly if you have a period of inflation.

债券感觉起来“比较安全”，是因为债券保证固定利率。但问题是，短期而言债券也可能赔钱，尤其是遇上通货膨胀时期。

youdao

Based on the bond market of China, the interest rate sensitivity measurement for fixed and floating rate bonds are studied in this paper. The approaches used are Duration and Convexity respectively.

基于中国债券市场研究了固定利率和浮动利率债券的利率敏感性度量：久期和凸性。

youdao

Even for fixed rate bonds, it's hard to get an interest rate much above 3%.

甚至对于固定收益债券，都很难有超过3%的回报率。

youdao

The ones that do pay interest resemble ordinary fixed-rate bonds.

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Underlying the rate worries, bonds -- whose fixed return makes them linked to interest rate and inflation expectations - also weakened.

BBC: Friday close

Although the investments resembled bonds, paying buyers a fixed interest rate for taking on the default risk of corporate debt, the products invested in synthetic collateralized debt obligations held by Lehman.

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