par bond

简明释义

平价债券

英英释义

例句

1.She bought a par bond thinking it would be a safe investment.

她购买了一种平价债券，认为这是一项安全的投资。

2.The company issued a new par bond to raise funds for its expansion plans.

公司发行了一种新的平价债券以筹集扩展计划的资金。

3.Investors are often attracted to a par bond because of its predictable returns.

投资者通常被平价债券吸引，因为它的回报可预测。

4.When the market interest rates rise, par bonds may become less appealing.

当市场利率上升时，平价债券可能会变得不那么吸引人。

5.The par bond is set to mature in ten years, providing steady income until then.

该平价债券将在十年后到期，在此期间提供稳定的收入。

作文

In the world of finance, understanding various terms is crucial for investors and analysts alike. One such term that often comes up in discussions about bonds is par bond. A par bond is a type of bond that is issued at its face value, which means that when the bond matures, the investor will receive the original amount invested. This concept is fundamental as it sets the stage for how bonds are valued and traded in the market.To elaborate further, a par bond typically has a coupon rate that is equal to the prevailing interest rates at the time of issuance. For example, if a bond has a face value of $1,000 and an annual coupon rate of 5%, the investor will receive $50 each year until maturity. At maturity, the investor will get back the $1,000, assuming the issuer does not default. This predictability makes par bonds a popular choice among conservative investors who prioritize stability over high returns.However, the dynamics change when market interest rates fluctuate. If interest rates rise above the coupon rate of the par bond, the bond may trade at a discount in the secondary market. Conversely, if interest rates fall below the coupon rate, the bond may trade at a premium. Understanding this relationship is essential for anyone looking to invest in bonds, as it affects the bond's market price and yield.Moreover, par bonds can be contrasted with discount bonds and premium bonds. Discount bonds are issued below their face value, while premium bonds are sold above their face value. Each type of bond serves different investor needs and risk appetites. For instance, discount bonds might appeal to investors looking for potential capital gains, while premium bonds might attract those seeking higher income due to elevated coupon payments.Investors should also consider the credit quality of the issuer when dealing with par bonds. A bond issued by a government entity is generally considered safer than one issued by a corporation. The perceived risk associated with the issuer can impact the bond’s price and yield, making credit ratings an important factor in the investment decision process.In conclusion, the concept of a par bond is fundamental to understanding the bond market. It provides a baseline for evaluating other types of bonds and helps investors make informed decisions based on their financial goals. Knowing how par bonds operate in relation to interest rates and issuer credit quality can significantly enhance an investor's strategy. As the financial landscape continues to evolve, staying informed about these terms will empower investors to navigate the complexities of the market more effectively.

在金融领域，理解各种术语对投资者和分析师来说至关重要。一个经常出现在关于债券讨论中的术语是平价债券。平价债券是一种以其面值发行的债券，这意味着当债券到期时，投资者将收到原始投资金额。这一概念是基础，因为它为债券在市场上的估值和交易奠定了基础。进一步阐述，平价债券通常具有与发行时的现行利率相等的票面利率。例如，如果一只债券的面值为1000美元，年票面利率为5%，那么投资者每年将收到50美元，直到到期。在到期时，投资者将收回1000美元，假设发行人没有违约。这种可预测性使得平价债券成为保守型投资者的热门选择，他们优先考虑稳定性而非高回报。然而，当市场利率波动时，动态会发生变化。如果利率上升超过平价债券的票面利率，该债券可能在二级市场上以折扣交易。相反，如果利率下降到票面利率以下，该债券可能以溢价交易。理解这种关系对于任何希望投资债券的人来说都是至关重要的，因为它影响债券的市场价格和收益率。此外，平价债券可以与折扣债券和溢价债券进行对比。折扣债券低于其面值发行，而溢价债券则高于其面值出售。每种类型的债券都满足不同投资者的需求和风险偏好。例如，折扣债券可能吸引那些寻求潜在资本收益的投资者，而溢价债券可能吸引那些因较高的票息支付而寻求更高收入的投资者。投资者在处理平价债券时还应考虑发行人的信用质量。由政府实体发行的债券通常被认为比公司发行的债券更安全。与发行人相关的感知风险可能会影响债券的价格和收益率，因此信用评级在投资决策过程中是一个重要因素。总之，平价债券的概念是理解债券市场的基础。它为评估其他类型的债券提供了基准，并帮助投资者根据他们的财务目标做出明智的决策。了解平价债券如何与利率和发行人信用质量运作，可以显著增强投资者的策略。随着金融环境的不断演变，了解这些术语将使投资者能够更有效地驾驭市场的复杂性。