maturity yield; yield to maturity

简明释义

全期获利率,全期收益,全期收益率

英英释义

例句

1.The maturity yield can help investors estimate the potential earnings from their fixed-income investments.

该到期收益率可以帮助投资者估算其固定收益投资的潜在收益。

2.A higher maturity yield usually indicates a higher risk associated with the bond.

较高的到期收益率通常表示与该债券相关的风险较高。

3.When analyzing a bond's performance, the yield to maturity is a critical factor to consider.

在分析债券表现时，到期收益率是一个关键因素。

4.The bond's maturity yield indicates the total return an investor can expect if the bond is held until it matures.

该债券的到期收益率表明如果投资者持有债券直到到期，预期的总回报。

5.Investors often compare the yield to maturity of different bonds to determine which one offers the best return.

投资者通常会比较不同债券的到期收益率以确定哪一只提供最佳回报。

作文

Understanding financial terms is crucial for anyone involved in investing or managing finances. One such term that often comes up in discussions about bonds and fixed-income securities is maturity yield; yield to maturity. These concepts are essential for investors looking to evaluate the potential returns on their investments over time.To begin with, yield to maturity (YTM) is a comprehensive measure of the return an investor can expect to earn if they hold a bond until it matures. This metric considers not only the bond's current market price but also its face value, coupon payments, and the time remaining until maturity. Essentially, YTM provides a way to compare the profitability of different bonds, making it easier for investors to make informed decisions.For example, suppose an investor purchases a bond with a face value of $1,000, a coupon rate of 5%, and five years until maturity. If the investor pays $950 for the bond in the secondary market, the YTM will be higher than the nominal coupon rate of 5%. This is because the investor will receive the full $1,000 at maturity, along with annual coupon payments, resulting in a greater overall return than simply holding the bond at its face value.On the other hand, maturity yield refers to the yield calculated based on the bond's price at the time of purchase and its maturity date. While it may seem similar to YTM, maturity yield is typically a simpler calculation that does not take into account the time value of money in the same comprehensive manner as YTM. It is generally used in contexts where investors want a quick assessment of a bond's return without delving deeply into more complex calculations.Both maturity yield and yield to maturity serve as valuable tools for investors. Understanding these terms can help investors gauge the attractiveness of a bond relative to other investment opportunities. For instance, if two bonds have similar YTMs but one has a much lower maturity yield, an investor might prefer the bond with the higher yield, assuming other factors are equal.Moreover, these yields are influenced by various factors, including interest rates, inflation expectations, and the creditworthiness of the issuer. As interest rates rise, existing bonds with lower coupon rates become less attractive, leading to a decrease in their market prices and consequently affecting their YTM and maturity yield. Conversely, when interest rates fall, existing bonds with higher coupon rates become more desirable, increasing their market prices.In conclusion, grasping the concepts of maturity yield and yield to maturity is vital for investors seeking to maximize their returns in the bond market. By understanding how these yields are calculated and what they signify, investors can make more informed decisions and better manage their portfolios. Ultimately, knowledge of these financial metrics empowers investors to navigate the complexities of the financial markets with confidence and clarity.

理解金融术语对于任何参与投资或管理财务的人来说都是至关重要的。在关于债券和固定收益证券的讨论中，一个经常出现的术语是到期收益率；到期收益率。这些概念对于希望评估其投资潜在回报的投资者来说是必不可少的。首先，到期收益率（YTM）是一个全面的衡量标准，投资者可以期待在持有债券直到到期时赚取的回报。该指标不仅考虑债券的当前市场价格，还考虑其面值、票息支付和到期前的剩余时间。本质上，YTM提供了一种比较不同债券盈利能力的方法，使投资者更容易做出明智的决定。例如，假设一位投资者购买了一只面值为1000美元、票息率为5%、还有五年到期的债券。如果投资者在二级市场以950美元的价格购买该债券，则YTM将高于名义票息率5%。这是因为投资者将在到期时获得全额1000美元以及每年的票息支付，从而使整体回报超过仅仅以面值持有该债券。另一方面，到期收益率是根据债券在购买时的价格和到期日计算的收益率。虽然它似乎与YTM相似，但到期收益率通常是一个更简单的计算，不像YTM那样全面考虑货币的时间价值。它通常用于投资者希望快速评估债券回报的上下文，而无需深入复杂的计算。到期收益率和到期收益率都是投资者的宝贵工具。了解这些术语可以帮助投资者评估债券相对于其他投资机会的吸引力。例如，如果两只债券的YTM相似，但其中一只的到期收益率要低得多，投资者可能会更倾向于选择收益更高的债券，假设其他因素相等。此外，这些收益率受到各种因素的影响，包括利率、通货膨胀预期和发行人的信用worthiness。当利率上升时，现有的低票息率债券变得不那么具有吸引力，导致其市场价格下降，从而影响其YTM和到期收益率。相反，当利率下降时，现有的高票息率债券变得更加受欢迎，导致其市场价格上涨。总之，掌握到期收益率和到期收益率的概念对于希望在债券市场最大化回报的投资者至关重要。通过理解这些收益率的计算方式及其意义，投资者可以做出更明智的决策，更好地管理他们的投资组合。最终，对这些金融指标的了解使投资者能够自信而清晰地驾驭金融市场的复杂性。