31. Bonds normally benefit from evidence that inflation, which erodes the value of fixed income securities, is decelerating. 32. Bonds, including government bonds, whose real value can be eroded by inflation, are the risky asset. 33. Bond yields climb when investors see heightened risks that faster economic growth will accelerate inflation, which erodes the value of fixed-income securities. 34. Bond investors are concerned that strong sales could trigger a year-end growth spurt and speed inflation, which erodes the value of fixed-income securities. 35. Bond investors dislike inflation because it erodes the value of their securities fixed-income payments. 36. Bond prices sank and yields rose because investors demanded more compensation for the risk that inflation will erode the value of fixed payments. 37. Bonds sank because inflation erodes the value of their fixed-payments. 38. A debt-for-equity swap with the banks would erode the value further. 39. A falling dollar hurts Japanese exporters because a stronger yen erodes the value of dollar-denominated revenues and forces them to raise prices overseas. 40. A lower dollar can shrink exporter earnings by eroding the value of overseas profits and increasing pressure to raise prices abroad. |