bonds: Details

“Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return.”

“The prisoner was brought before the tribunal in iron bonds.”

“They had grown up as friends and neighbors, and not even vastly differing political views could break the bond of their friendship.”