flat bond

简明释义

无息公债

英英释义

例句

1.She explained that a flat bond does not pay periodic interest but is sold at a discount.

她解释说，平价债券不支付定期利息，而是以折扣价出售。

2.Investors looking for capital preservation often favor flat bonds over other types of securities.

寻求资本保值的投资者通常更喜欢平价债券而不是其他类型的证券。

3.The investor decided to purchase a flat bond because it offered a steady income without the risk of fluctuating interest rates.

投资者决定购买一个平价债券，因为它提供了稳定的收入，而没有利率波动的风险。

4.The flat bond market is often seen as a safe haven for conservative investors.

对于保守型投资者来说，平价债券市场通常被视为避风港。

5.During the economic downturn, many turned to flat bonds for their reliability.

在经济衰退期间，许多人转向平价债券，因为它们的可靠性。

作文

In the world of finance, bonds are a crucial element for both investors and issuers. Among the various types of bonds available in the market, one term that often comes up is the flat bond. A flat bond refers to a bond that is trading at its par value, meaning it does not have any premium or discount attached to it. This situation typically occurs when the interest rates in the market are stable, and the bond's coupon rate is equal to the prevailing market rates. Understanding the concept of a flat bond is essential for investors looking to make informed decisions regarding their investment portfolios.Investors often seek bonds for their stability and predictable income streams. When a bond is issued, it comes with a specific face value, which is the amount the issuer agrees to pay the bondholder upon maturity. Along with this, the bond also has a coupon rate, which is the interest payment made to the bondholder at regular intervals. In a typical scenario, if the market interest rates rise above the bond's coupon rate, the bond may start trading at a discount. Conversely, if the market rates fall below the coupon rate, the bond may trade at a premium. However, when the bond is trading at its par value, it is referred to as a flat bond.The significance of a flat bond becomes apparent when considering the investment strategy. For conservative investors, a flat bond can be an attractive option as it indicates stability in the market. The absence of a premium or discount suggests that the bond is neither gaining nor losing value, making it a safe investment choice during uncertain economic times. Furthermore, a flat bond can be particularly appealing to those who prefer to hold their investments until maturity, as they can expect to receive the full face value of the bond without any capital loss.However, it is important to note that a flat bond is not without its risks. While it may offer stability, it does not provide the potential for capital appreciation that discounted or premium bonds might offer. Investors must weigh their options carefully and consider their risk tolerance before investing in a flat bond. Additionally, if interest rates begin to rise significantly after purchasing a flat bond, the bondholder may find themselves holding an asset that is less attractive compared to newly issued bonds with higher yields.In conclusion, the term flat bond represents a unique position within the bond market. It signifies a bond trading at its par value, reflecting a balance between the bond's coupon rate and prevailing market rates. For investors, understanding the implications of a flat bond can aid in making strategic investment decisions. Whether seeking stability or evaluating potential returns, recognizing the characteristics and risks associated with a flat bond is vital to navigating the complexities of the financial landscape. As the market continues to evolve, so too will the opportunities and challenges presented by various types of bonds, including the flat bond.

在金融世界中，债券是投资者和发行者的重要元素。在市场上各种类型的债券中，一个经常出现的术语是平价债券。平价债券是指以面值交易的债券，这意味着它没有附加任何溢价或折扣。这种情况通常发生在市场利率稳定时，债券的票面利率等于当前市场利率。理解平价债券的概念对于希望对其投资组合做出明智决策的投资者至关重要。投资者通常寻求债券以获得其稳定性和可预测的收入流。当一只债券发行时，它有一个特定的面值，即发行人同意在到期时支付给债券持有人的金额。除此之外，债券还有一个票面利率，这是定期支付给债券持有人的利息。如果市场利率超过债券的票面利率，债券可能会开始以折扣交易。相反，如果市场利率低于票面利率，债券可能会以溢价交易。然而，当债券以其面值交易时，就被称为平价债券。平价债券的重要性在于投资策略的考虑。对于保守型投资者来说，平价债券可以是一个吸引人的选择，因为它表明市场的稳定。没有溢价或折扣的存在表明债券既没有增值也没有贬值，使其在经济不确定时期成为安全的投资选择。此外，对于那些更喜欢持有投资直到到期的投资者来说，平价债券尤其具有吸引力，因为他们可以期待在没有任何资本损失的情况下收到债券的全额面值。然而，需要注意的是，平价债券并非没有风险。虽然它可能提供稳定性，但它并不提供折扣债券或溢价债券可能提供的资本增值潜力。投资者必须仔细权衡选择，并在投资平价债券之前考虑自己的风险承受能力。此外，如果在购买平价债券后利率开始显著上升，债券持有人可能会发现自己持有的资产相比新发行的高收益债券变得不那么吸引人。总之，术语平价债券代表了债券市场中的独特位置。它表示债券以其面值交易，反映了债券的票面利率与当前市场利率之间的平衡。对于投资者来说，理解平价债券的含义可以帮助制定战略投资决策。无论是寻求稳定还是评估潜在回报，认识到与平价债券相关的特征和风险对于驾驭复杂的金融环境至关重要。随着市场的不断发展，各种类型的债券，包括平价债券所带来的机会和挑战也将不断变化。