gilts

So whether it trades on 15 times earnings or 15. 5 is missing the point. But the yield must be at least equal to that on gilts.

因此，市盈率是15倍还是15.5倍并不重要，但收益率必须至少在表面上与此相当。

Buying Treasuries, bunds or gilts provides a bit of insurance against this risk.

购买美国国债、德国国债或英国国债，会为对抗这种风险提供些许保障。

They do so by buying assets, typically government bonds, known as "gilts" , from banks or other financial institutions.

具体的做法就是从银行或其他金融机构购买资产，典型的资产是政府债券，也就是通常所说的“金边债券”。

Some may worry what effect such indebtedness might have on UK gilts or on inflation, which could erode any investment gains.

有些人可能担心，如此沉重的债务负担，可能会对英国金边债券或通货膨胀造成什么影响？通胀可能会侵蚀任何投资收益。

At the start of this month, the gilts market appeared overwhelmed by the burgeoning demands of the UK government.

本月初，英国国债市场似乎被英国政府蓬勃增长的需求淹没了。

Yields on German bunds and British gilts have fallen below the rate of inflation due to investors' flight to safety.

由于投资者争相避险，德国和英国公债的收益率（殖利率）均已低于通胀率。

Asian central banks had been big buyers of gilts in the past few months, switching out of eurozone debt, traders said.

交易员表示，近几个月来，亚洲各国央行避开欧元区债券，而成为英国国债的大买家。

Buying up gilts in a market where no new securities are being issued could distort interest rates in unpredictable ways, economists warned.

经济学家警告称，在没有新债发行的市场购买国债可能会以不可预知的方式扭曲利率。

At least the average term to maturity for gilts is 14 years; it is about four on American central-government debt.

至少对于金边证券从一般水平到成熟得14年时间。这个大约是美国中央的政府债务的四倍。

Reducing energy density is an alternative way of slowing the growth of rapidly growing gilts .

降低日粮能量浓度是另外一个减缓快速增重猪生长速度的方法。

He thinks the uncertainty in the global outlook makes a strong case for buying gilts.

他认为，全球前景的不确定性，构成了购买英国国债的有力理由。

The Bank had previously only lent money at penalty rate overnight and only for high-quality collateral such as gilts .

英国央行此前只是按照赔偿率提供隔夜贷款，而且只接受英国国债等优质抵押品。

"For holders of gilts, this can only be good news, " commented the head of fixed income research at one broker.

某经纪公司的固定收益研究主管称：“对英国国债持有人而言，这只能是一个好消息。”

Bondholders everywhere are anticipating windfall gains, as the owners of gilts have enjoyed.

其它地区的债券持有人期望着发一笔横财，就像英国国债持有人那样。

Feed replacement gilts a specialized developer diet rather than a finisher diet to enhance body stores of vitamins and minerals.

饲喂后备母猪要使用专门的日粮而不是育肥猪日粮，以促使体组织中维生素和矿物营养元素的贮存。

Yields on ten-year gilts have even fallen slightly since then, and all debt sales have been oversubscribed.

在十年内，金边债券的销量已经有点下降，因此，所有的债务都过于饱和了。

The yields on ten-year Treasury bonds and British gilts have both risen by more than half a percentage point since late November.

10年期国库券的收益和金边债券收益自去年十一月以来都上涨了0.

You then calculate the subsequent ten-year real return from investing in gilts (allowing for gross income reinvested).

你就可以算出今后十年投资金边债券的净收益（允许你的净利润进行再投资）。

The optimists predict the buying of gilts will aid recovery, supporting the case for equities and sterling.

乐观者预计，央行此次购买国债会有助于复苏，对股市和英镑构成支撑。

"But we also saw significant purchases of ETFs [exchange traded funds] and gilts [government bonds]. "

“但我们也看到投资者大量买入了交易所交易基金（ETF）和金边债券（英国国债）。”