Meaning of “long bond” in the English Dictionary

"long bond" in Business English

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long bondnoun [ C ]


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” from the Cambridge Business English Dictionary © Cambridge University Press)