| 1. | Uncertainties over the magnitude of interest rate rises will contribute to increased volatility in bond and equity markets
加息幅度的不明朗因素，将会增加债券及股票市场的波动。 |
| 2. | Uncertainties over the magnitude of interest rate rises will contribute to increased volatility in bond and equity markets
加息幅度的不明朗因素，将会增加债券及股票市场的波动。 |
| 3. | The bond and equity markets do not always move together in this way ; indeed we spread investments across both sectors precisely to manage the risk that they will not
然而，债市及股市的走势并非经常都是这样一致的这正是我们分散投资于这两个环节的原因，以应付两者逆向发展的风险。 |
| 4. | The balance of the exchange fund assets that constitute the investment portfolio is invested in oecd bond and equity markets to preserve the value and long - term purchasing power of these assets
外汇基金其馀的资产则拨作投资组合，投资于经合组织债券及股票市场，以保障资产的价值及长期购买力。 |
| 5. | Unlike the exchange fund which is predominantly invested in oecd bond and equity markets , the investment benchmark of the land fund allocates some exposure to the asian equity markets
土地基金与外汇基金不同，外汇基金主要投资于经济合作及发展组织成员国债券及股票市场，而土地基金的投资基准则把部分资产投资于亚洲证市场。 |
| 6. | " in the first half of the year , bond and equity markets retreated on fears of aggressive monetary tightening in the us . losses were recouped when equity markets and currencies rebounded in the last few months of the year , " mr yam said
他说：年上半年债券及股票市场因忧虑美国会大幅收紧货币政策而下跌，但股票市场及货币在最后几个月回升，令外汇基金可赚回先前的损失。 |
