That is a surprising proposition, given that commodity bonds have an obvious latent market, rooted in real economic fundamentals. After all, steel companies have an inherent need to hedge against fluctuations in the price of iron ore, just as airlines and utilities have an inherent need to hedge against fluctuations in the price of oil.
这个答案颇令人吃惊，因为商品债券显然拥有潜在市场，这是由实体经济基础决定的。说到底，钢铁公司天生需要对冲铁矿石价格的波动，而航空公司和公用事业公司天生需要对冲石油价格的波动。