bonds have clear agreements and guarantees for interest rates and principal recovery, resulting in relatively lower risks. Yield: Stocks typically have a higher potential for returns than bonds.

编者按金融危机以来，低利率已成为主要央行为对冲通缩压力所采用的核心货币政策工具之一。然而，随着政策利率接近甚至突破零利率下限，低利率乃至负利率政策的有效性日益受到质疑。一方面，银行出于对存款外流的担忧，难以进一步下调存款利率；另一方面，宽松货币环境又 ...

bonds have clear agreements and guarantees for interest rates and principal recovery, resulting in relatively lower risks. Yield: Stocks typically have a higher potential for returns than bonds.