That is likely to be a money-losing strategy unless an investor is sagacious or lucky enough to sell the bond before interest rates rise. If not, the loss in the price of the bond would more than wipe out the extra interest that he earned, even if rates remain unchanged for five years.
这极有可能是赔钱策略，除非投资者聪明地或幸运地在利率上升前卖出债券。若非如此，债券价格的损失将超过利息的升高，即便利率在五年中维持不变。