noncompetitive bid

简明释义

无竞争力的报价

英英释义

例句

1.The Treasury allows noncompetitive bids to encourage participation from smaller investors who may not have the resources to compete.

财政部允许非竞争性投标，以鼓励较小投资者的参与，他们可能没有资源去竞争。

2.In a government auction, a participant submitted a noncompetitive bid to ensure they would receive the bonds at a guaranteed yield.

在一次政府拍卖中，参与者提交了一个非竞争性投标，以确保他们能够以保证收益的方式获得债券。

3.Investors often prefer a noncompetitive bid when they want to avoid the risks associated with competitive bidding.

投资者通常更喜欢非竞争性投标，当他们想避免与竞争投标相关的风险时。

4.By placing a noncompetitive bid, the buyer can secure their purchase without having to outbid others.

通过下一个非竞争性投标，买家可以在不需要超过其他出价者的情况下确保他们的购买。

5.A noncompetitive bid is often used in auctions for government securities to simplify the process for individual investors.

在政府证券拍卖中，非竞争性投标通常用于简化个人投资者的流程。

作文

In the world of finance and investment, various strategies and methods are employed to maximize returns and minimize risks. One such strategy is the use of a noncompetitive bid, which is often utilized in the context of government securities auctions. A noncompetitive bid allows investors to participate in these auctions without having to specify the yield or interest rate they are willing to accept. Instead, they agree to accept whatever yield is determined by the competitive bids submitted by other participants. This method is particularly appealing to individual investors and smaller institutions who may not have the resources or expertise to engage in more complex bidding strategies.The primary advantage of a noncompetitive bid is that it guarantees the investor will receive the desired amount of securities. This is especially beneficial in situations where demand for a particular security is high, and competitive bids may result in an investor not receiving any allocation at all. By opting for a noncompetitive bid, investors can ensure their participation in the auction, albeit at the market-determined yield.Moreover, the noncompetitive bid process simplifies the investment decision for many individuals. Rather than analyzing various factors to determine an optimal yield, investors can focus on the amount they wish to invest and trust the auction process to set the appropriate yield. This can be particularly advantageous for those who are new to investing or who may not have the time to conduct extensive research.Another important aspect of the noncompetitive bid is that it contributes to the overall liquidity of the market. By allowing a wider range of participants to engage in the auction process, it helps ensure that there is sufficient demand for government securities. This, in turn, can lead to more stable pricing and lower borrowing costs for governments, which ultimately benefits taxpayers.However, it is essential for investors to understand that while a noncompetitive bid guarantees the purchase of securities, it does not guarantee a favorable return on investment. The yield accepted may be lower than what competitive bidders are willing to accept, especially in a rising interest rate environment. Therefore, while the noncompetitive bid offers certain advantages, investors must also weigh the potential downsides.In conclusion, the concept of a noncompetitive bid plays a significant role in the financial markets, particularly in the realm of government securities. It provides a straightforward way for investors to participate in auctions without the complexities of competitive bidding. While it offers the assurance of receiving securities and contributes to market liquidity, investors should remain cognizant of the potential trade-offs regarding yield. Understanding the implications of a noncompetitive bid can empower investors to make more informed decisions and better navigate the landscape of fixed-income investing.

在金融和投资的世界中，各种策略和方法被用来最大化回报和最小化风险。其中一种策略是在政府证券拍卖中使用的非竞争性投标。非竞争性投标允许投资者参与这些拍卖，而无需指定他们愿意接受的收益或利率。相反，他们同意接受由其他参与者提交的竞争性投标所确定的收益。这种方法对个人投资者和较小的机构尤其有吸引力，因为他们可能没有资源或专业知识来参与更复杂的投标策略。非竞争性投标的主要优势在于它保证投资者将获得所需数量的证券。这在某些特定证券需求高的情况下尤其有利，竞争性投标可能导致投资者根本无法获得任何分配。通过选择非竞争性投标，投资者可以确保他们参与拍卖，尽管是以市场确定的收益率。此外，非竞争性投标过程简化了许多个人的投资决策。投资者不必分析各种因素以确定最佳收益，而是可以专注于他们希望投资的金额，并信任拍卖过程设置适当的收益。这对于那些刚开始投资或没有时间进行广泛研究的人尤其有利。非竞争性投标的另一个重要方面是它有助于市场的整体流动性。通过允许更广泛的参与者参与拍卖过程，它有助于确保对政府证券的足够需求。这反过来又可以导致价格更稳定，政府的借贷成本降低，最终使纳税人受益。然而，投资者必须理解，尽管非竞争性投标保证购买证券，但并不保证投资回报的有利性。接受的收益率可能低于竞争投标者愿意接受的收益率，特别是在利率上升的环境中。因此，虽然非竞争性投标提供了某些优势，投资者也必须权衡潜在的缺点。总之，非竞争性投标的概念在金融市场中扮演着重要角色，特别是在政府证券领域。它为投资者提供了一种简单的方法，让他们参与拍卖，而无需竞争性投标的复杂性。虽然它提供了获得证券的保证并促进了市场流动性，但投资者也应意识到与收益相关的潜在权衡。理解非竞争性投标的含义可以使投资者做出更明智的决定，更好地驾驭固定收益投资的领域。