yield to maturity

简明释义

到期收益率

英英释义

例句

1.Investors often look for bonds with a high yield to maturity 到期收益率 to maximize their returns.

投资者通常寻找具有高到期收益率 yield to maturity 的债券以最大化他们的回报。

2.A bond's yield to maturity 到期收益率 can change as interest rates fluctuate in the market.

随着市场利率波动，债券的到期收益率 yield to maturity 可能会发生变化。

3.When comparing different bonds, it's essential to consider the yield to maturity 到期收益率 as it reflects the total return.

在比较不同债券时，考虑到期收益率 yield to maturity 是至关重要的，因为它反映了总回报。

4.Financial analysts often use the yield to maturity 到期收益率 to assess the attractiveness of a bond investment.

金融分析师通常使用到期收益率 yield to maturity 来评估债券投资的吸引力。

5.The bond's yield to maturity 到期收益率 is calculated based on its current market price and interest payments.

该债券的到期收益率 yield to maturity 是根据其当前市场价格和利息支付计算的。

作文

Understanding the concept of yield to maturity is crucial for anyone involved in investing or finance. The term refers to the total return anticipated on a bond if it is held until it matures. This measure is important because it provides investors with a way to compare the potential profitability of various bonds, taking into account their current market price, par value, coupon interest rate, and the time remaining until maturity. In essence, yield to maturity represents the internal rate of return (IRR) on the bond, assuming that all coupon payments are reinvested at the same rate as the bond's current yield.To illustrate this concept, let’s consider a hypothetical bond with a face value of $1,000, a coupon rate of 5%, and five years left until maturity. If the bond is currently trading at $950, the investor is not only interested in the annual coupon payments but also in how much they will gain or lose when the bond matures. The yield to maturity can be calculated by considering both the annual coupons received and the difference between the purchase price and the face value at maturity. This calculation helps investors assess whether the bond is a good investment relative to other opportunities in the market.One of the key reasons why understanding yield to maturity is essential is that it helps investors gauge the risk associated with different bonds. Generally, bonds with higher yields are perceived to carry more risk. For instance, corporate bonds often have higher yield to maturity compared to government bonds because they are subject to greater default risk. Therefore, investors must weigh the potential returns against the risks involved when making investment decisions.Moreover, the yield to maturity is influenced by various factors, including interest rates, economic conditions, and the issuer's creditworthiness. When interest rates rise, the prices of existing bonds typically fall, which can lead to an increase in their yield to maturity. Conversely, when interest rates decline, bond prices tend to rise, resulting in a lower yield to maturity. This inverse relationship highlights the importance of monitoring economic indicators that may affect interest rates and, consequently, bond yields.In conclusion, the concept of yield to maturity is a fundamental aspect of bond investing that every investor should understand. It allows for informed decision-making by providing a comprehensive view of the potential returns on bonds while factoring in their risks. By grasping how yield to maturity works, investors can better navigate the complexities of the bond market and enhance their investment strategies. Ultimately, a solid understanding of this term can lead to more successful investment outcomes and contribute to long-term financial stability.

理解到期收益率的概念对于任何参与投资或金融的人来说都是至关重要的。该术语指的是如果债券持有到期，预期的总回报。这一指标很重要，因为它为投资者提供了一种比较各种债券潜在盈利能力的方法，考虑到它们的当前市场价格、面值、票息利率以及到期前剩余的时间。从本质上讲，到期收益率表示债券的内部收益率（IRR），假设所有的票息支付都以与债券当前收益率相同的利率再投资。为了说明这个概念，让我们考虑一只假设的债券，其面值为1000美元，票息率为5%，还有五年到期。如果这只债券目前的交易价格为950美元，投资者不仅对每年的票息支付感兴趣，还对债券到期时他们将获得或损失多少感兴趣。到期收益率可以通过考虑每年收到的票息和购买价格与到期时面值之间的差额来计算。此计算帮助投资者评估该债券相对于市场上其他机会的投资价值。理解到期收益率的重要原因之一是，它帮助投资者评估不同债券的风险。一般而言，收益率较高的债券被认为承担更大的风险。例如，公司债券的到期收益率通常高于政府债券，因为它们面临更大的违约风险。因此，投资者在做出投资决策时必须权衡潜在回报与相关风险。此外，到期收益率受多种因素的影响，包括利率、经济状况和发行人的信用状况。当利率上升时，现有债券的价格通常会下跌，这可能导致其到期收益率上升。相反，当利率下降时，债券价格往往会上涨，从而导致到期收益率降低。这种反向关系突显了监测可能影响利率及债券收益率的经济指标的重要性。总之，到期收益率的概念是债券投资的一个基本方面，每个投资者都应该理解。它通过提供债券潜在回报的全面视图，同时考虑到风险，从而使投资者能够做出明智的决策。通过掌握到期收益率的工作原理，投资者可以更好地驾驭债券市场的复杂性，并增强他们的投资策略。最终，对这一术语的深入理解可以带来更成功的投资结果，并有助于长期的财务稳定。