callable bond

简明释义

可提前兑付债券

英英释义

例句

1.Investors often prefer a callable bond 可赎回债券 because it offers higher yields compared to non-callable bonds.

投资者通常更喜欢可赎回债券 callable bond，因为它提供的收益率比不可赎回债券高。

2.A callable bond 可赎回债券 allows the issuer to repay the principal before the maturity date.

一只可赎回债券 callable bond允许发行人在到期日前偿还本金。

3.If interest rates drop significantly, the issuer may choose to redeem the callable bond 可赎回债券 early.

如果利率大幅下降，发行人可能会选择提前赎回可赎回债券 callable bond。

4.Many companies issue callable bonds 可赎回债券 to maintain flexibility in their financing options.

许多公司发行可赎回债券 callable bonds以保持融资选项的灵活性。

5.Investing in a callable bond 可赎回债券 can be risky if market conditions change unexpectedly.

如果市场条件意外变化，投资于可赎回债券 callable bond可能会有风险。

作文

In the world of finance, investors often seek various instruments to manage their portfolios effectively. One such instrument is the callable bond, which offers unique features that can be advantageous for both issuers and investors. A callable bond is a type of bond that allows the issuer to redeem it before its maturity date. This means that if interest rates decline or the issuer's creditworthiness improves, they can 'call' the bond back from investors, usually at a predetermined price. This feature provides issuers with flexibility but also introduces certain risks for investors. Understanding the implications of investing in a callable bond is crucial. For instance, when interest rates fall, issuers are more likely to exercise their right to call the bond. This means that investors may receive their principal back sooner than expected, potentially missing out on higher interest payments they would have received had the bond remained outstanding until maturity. Additionally, the reinvestment risk arises; investors must find new investment opportunities, which may not offer similar returns as the original callable bond. On the other hand, callable bonds typically offer higher yields compared to non-callable bonds to compensate investors for the additional risk they undertake. This higher yield can be attractive, especially in a declining interest rate environment. Therefore, investors must weigh the potential benefits against the risks associated with early redemption. Moreover, the market conditions and the issuer's financial health play significant roles in the performance of callable bonds. Investors need to conduct thorough research and analysis to determine whether a callable bond fits into their investment strategy. Factors such as the bond's call schedule, the issuer's credit rating, and prevailing economic conditions should all be considered. In conclusion, while callable bonds can provide higher yields and flexibility for issuers, they also carry unique risks for investors. Understanding these dynamics is essential for making informed investment decisions. By carefully analyzing the characteristics of callable bonds and considering individual financial goals, investors can better navigate the complexities of this financial instrument. Ultimately, the decision to invest in a callable bond should align with one's overall investment strategy and risk tolerance, ensuring a balanced approach to portfolio management.

在金融世界中，投资者常常寻求各种工具来有效管理他们的投资组合。其中一种工具是可赎回债券，它提供了对发行人和投资者都有利的独特特征。可赎回债券是一种允许发行人在到期日前赎回的债券。这意味着如果利率下降或发行人的信用状况改善，他们可以在预定价格下“赎回”债券。这一特性为发行人提供了灵活性，但也给投资者带来了某些风险。理解投资可赎回债券的影响至关重要。例如，当利率下降时，发行人更可能行使其赎回债券的权利。这意味着投资者可能比预期更早地收回本金，可能会错过他们本可以在债券到期之前获得的更高利息支付。此外，重新投资风险也随之而来；投资者必须寻找新的投资机会，而这些机会可能无法提供与原始可赎回债券相似的回报。另一方面，可赎回债券通常提供比不可赎回债券更高的收益，以补偿投资者承担的额外风险。在利率下降的环境中，这种更高的收益可能具有吸引力。因此，投资者必须权衡潜在利益与提前赎回相关的风险。此外，市场条件和发行人的财务健康在可赎回债券的表现中起着重要作用。投资者需要进行彻底的研究和分析，以确定可赎回债券是否适合他们的投资策略。诸如债券的赎回时间表、发行人的信用评级以及当前经济条件等因素都应被考虑在内。总之，虽然可赎回债券可以为投资者提供更高的收益和发行人的灵活性，但它们也对投资者带来了独特的风险。理解这些动态对于做出明智的投资决策至关重要。通过仔细分析可赎回债券的特征并考虑个人财务目标，投资者可以更好地应对这一金融工具的复杂性。最终，投资可赎回债券的决策应与整体投资策略和风险承受能力相一致，从而确保投资组合管理的平衡方法。