And buyers of index-linkedbonds have protection against deflation, since they will always be redeemed at their face value or higher.
买入指数关联型债券可以防止缩水,因为总是能够以面值甚至更高值赎回。
2
Markets seem to view that as close to zero: interest rates on index-linkedbonds in the France, Germany, the UK and US are about 1 per cent.
市场似乎将这种风险视为接近于零:法国、德国、英国和美国的指数挂钩债券利率大约为1%。
3
But inflation expectations, derived from the gap between yields on index-linked and conventional bonds, hardly suggest fears of a Zimbabwe-style debasement.