1.   Because many investors finance bond purchases by borrowing in the short-term money market, lower overnight rates would be likely to give a boost to bonds.

2.   A rate increase would hurt bonds by making it more expensive for investors to finance bond investments.

3.   But Russia has also been vulnerable to a global currency crisis because it depends on foreign investors to finance so much of its deficit.

4.   Countries that had relied on overseas investors to finance large trade and budget deficits must deal with a newly hostile investment climate.

5.   Higher rates could weigh on bonds because many investors finance their fixed-income investments by borrowing at shorter maturities.

6.   Higher interest rates raise the cost at which some investors finance their bond investments.

7.   Japanese investors have financed the construction of hundreds of courses in recent years in Malaysia, Indonesia, Thailand, Singapore and Hawaii.

8.   Low overnight lending rates are good for bonds because many investors finance bond purchases by borrowing in the money market.

9.   Low rates help bonds by making it easier for investors to finance bond purchases.

10.   Low rates are good for bonds because many investors finance their bond purchases by borrowing at shorter maturities.