When we're talking about treasury bonds your returns are typically pretty low.

当我们谈论国债时，你的回报通常很低。

Ultra-long special treasury bonds typically refer to those with a tenor of more than 10 years.

超长期特别国债通常是指期限在10年以上的国债。

Right now, for a 10 year treasury bond, you're looking at close to 3%.

现在，对于 10 年期国债来说，利率接近 3%。

So I'm gonna do my best dad impression on how I can explain a treasury bond to a five year old.

所以我要尽我父亲的最大努力向一个五岁的孩子解释国债。

And are more likely to build wealth, because a treasury bond isn't necessarily the best way to grow your money.

而且更有可能积累财富，因为国债不一定是增加资金的最佳方式。

" Central bank transactions in treasury bonds are also likely to start and expand in response to market conditions to manage the treasury bond yield, " Lou said.

“未来需要对货币政策进行改革，以明确短期利率及其向长期利率传导的机制。”

A treasury bond is a loan that you make to the US government, and the US government is going to promise to pay you back on a certain date.

国债是指你向美国政府提供的贷款，美国政府将承诺在某一天偿还你。

I still have a few lingering worries about the valuation of stocks, I now get a real return on a credit risk-free treasury bond portfolio.

我对股票的估值仍有一些挥之不去的担忧，我现在从无信用风险的国债投资组合中获得了真正的回报。

China has decided to issue 1 trillion yuan ($136.79 billion) of treasury bonds during the fourth quarter, expanding budgeted fiscal deficit rates to around 3.8 percent for the year, up from 3 percent.

我国决定在四季度增发 1 万亿元国债，预计财政赤字率由 3% 提高到 3.8% 左右。

Now treasury bonds are considered to be among the safest investments in the world because as long as the US government is collecting taxes you are going to get some portion of your investment back.

现在，国债被认为是世界上最安全的投资之一，因为只要美国政府征税，你就会收回部分投资。

Guan added that in the base case scenario, in which the United States achieves a soft landing while the Fed continues rate cuts, foreign institutions may continue to boost holdings in renminbi-denominated bonds, especially treasury bonds.

管涛补充，在美国实现软着陆而美联储继续降息的基本情况下，境外机构可能会继续增持人民币债券，尤其是国债。