债券为什么跌？

债券价格下跌的原因有很多，以下是其中的一些主要因素：

Firstly, interest rate risk is an important factor that affects bond prices.利率风险是影响债券价格的重要因素之一。 When market interest rates rise, bond prices generally fall.当市场利率上升时，债券价格通常会下降。 This is because higher interest rates mean that investors can obtain higher returns from other investment opportunities, which reduces demand for bonds and drives down prices.因为更高的利率意味着投资者可以从其他投资机会中获得更高的回报，这降低了对债券的需求并导致价格下跌。

Secondly, credit risk is another important factor that affects bond prices.信用风险是影响债券价格的另一个重要因素。 When the credit quality of a bond issuer downgrades, bond prices usually fall.当债券发行人的信用质量降级时，债券价格通常会下跌。 This is because a downgraded issuer is considered to be at higher risk of defaulting on its debt obligations, which reduces demand for its bonds and drives down prices.这是因为降级的发行人被认为违约风险更高，这降低了对其债券的需求并导致价格下跌。

Thirdly, market demand and supply are also key factors that affect bond prices.市场需求和供应也是影响债券价格的关键因素。 When supply of bonds increases and demand for bonds decreases, bond prices typically fall.当债券供应增加而对债券的需求减少时，债券价格通常会下跌。 This is because the excess supply of bonds pushes down prices.这是因为债券供应过剩会压低价格。

Finally, economic conditions and political uncertainty can also affect bond prices.经济状况和政治不确定性也会影响债券价格。 For example, economic recession and political unrest can reduce demand for bonds and drive down prices.例如，经济衰退和政治动荡会降低对债券的需求并导致价格下跌。

In conclusion,债券价格的下跌可能受到多种因素的影响，包括利率风险、信用风险、市场需求和供应以及经济状况和政治不确定性。了解这些因素可以帮助投资者更好地 understand the risk and return of bond investments并 make more informed investment decisions.英文翻译：

总之，债券价格的下跌可能受到多种因素的影响，包括利率风险、信用风险、市场需求和供应以及经济状况和政治不确定性。了解这些因素可以帮助投资者更好地理解债券投资的风险和回报，并做出更加明智的投资决策。