31.   If interest rates climb, the fixed payments on bonds look less attractive to investors.

32.   In exchange, the program gets a fixed monthly payment from Medicare and Medicaid, the federal health insurance program for the poor.

33.   In the event that a recession should lead to deflation, bonds would gain allure as their fixed payments become more valuable.

34.   Inflation hurts bonds because it eats into the value of their fixed payments.

35.   Inflation erodes the value of bonds and their fixed payments over time.

36.   Inflation hurts bonds by eroding the value of their fixed payments.

37.   Investors received a steady stream of fixed payments on the notes.

38.   Lower interest rates boost bonds as they increase the attraction of older bonds, whose coupon, or fixed payment, was set under higher rates.

39.   Lower interest rates lift bonds by making the fixed payment, or coupon, on older bonds issued under higher interest rates more attractive.

40.   Medicare would make fixed monthly payments to such health plans, and there would be no limit on the premiums that the health plans could charge patients.