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English definition of “long bond”

long bond

noun [C]     FINANCE
a bond that will be paid back in more than 10 or 15 years: Yesterday's jump in prices still leaves yields on British long bonds up at 8 1/4%.
a bond sold by the US Treasury which will be paid back in 30 years: US long bond yields have climbed above 6.5%.
(Definition of long bond noun from the Cambridge Business English Dictionary © Cambridge University Press)
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