Since the supply of those bonds is fixed, the only way they will be satisfied with their existing portfolio is if the domestic-currency value of their foreign bonds falls.

• “由于那些债券(国内债券)的供给是固定的；人们对现有证券是否感到满意的唯一方式是看他持有的外国债券的本币价值是不是下跌.；”