1. This is particularly stand out in the prefectures and municipals in Western areas. 这在西部地区的州市一级尤其如此。
2. You can seek higher yields among corporate bonds and tax-free municipals, which involve varying degrees of extra risk. 在公司债券与市政免税债券中可以寻求高收益，只是要额外承担不同程度的风险。
3. Treasury bonds, unlike corporates or municipals, can't gain from an improving economy; if interest rates rise, Treasurys will get hammered. 美国国债不同于公司债或市政债券，无法从经济好转中获利；如果利率上调，国债将遭受打击。
4. While Treasuries look rich, other parts of the bond market beckon, including municipals, corporate bonds, convertible securities, some mortgage securities and preferred stock. 虽然国债看上去不错，债券市场的其他品种更有吸引力，它们包括市政债券，公司债券，可转换证券，一些抵押贷款证券和优先股。
