11.   Bond buyers demand premiums in the form of higher yields when inflation is expected to quicken because their fixed payments would lose value over time.

12.   Bond investors particularly fear inflation because it erodes the buying power of the fixed payments they receive.

13.   Bond owners, who have bought a stream of fixed payments into the future, fear that inflation will erode the value of those payments.

14.   Bond prices sank and yields rose because investors demanded more compensation for the risk that inflation will erode the value of fixed payments.

15.   But because the fixed payments are calculated in part on acreage, small farmers say they will be more vulnerable to market swings than larger, wealthier landowners.

16.   But federal programs for many other commodities would be eliminated in favor of fixed payments to farmers that would decline over the next seven years.

17.   But the fixed payment is real.

18.   But there is no such system of fixed payments for hospital outpatient services.

19.   California will exchange variable-rate payments for a stream of fixed payments with another party.

20.   California would exchange variable-rate payments for a stream of fixed payments with another party.