1.   The reason is that old bonds will be maturing and new issues of bonds will probably be necessary to replace them.

2.   Although J.P. Morgan expects the bonds to mature in four years, they may mature later depending on how quickly the underlying debt is repaid.

3.   And money managers also need to reinvest the interest income and cash they get as bonds mature.

4.   And when the bond matures, investors will get back dollars that can buy as much as the money they invested.

5.   And when the bond matures, the principal you get back will be increased to reflect all the inflation there was during the life of the bond.

6.   Ansell said bond in bonds maturing in less than five years are likely to be the first to benefit from any significant easing in interest rates.

7.   As Ecu bonds have matured in the past few months, investors have sold those Ecu to buy other currencies, rather than reinvesting the Ecu.

8.   As the bond matures, the principal appreciates, freeing the company from paying interest on the bonds for five years.

9.   But maturity measures only how much time elapses until a bond matures and its principal is returned.

10.   Capital will be repaid when the bonds mature.