coupon yield

简明释义

息票收益率

英英释义

例句

1.Investors often compare the coupon yield with current market rates to determine if a bond is attractive.

投资者通常将票息收益率与当前市场利率进行比较，以确定一只债券是否具有吸引力。

2.A higher coupon yield can indicate a riskier bond, as issuers might offer more to attract buyers.

较高的票息收益率可能表明债券风险更高，因为发行人可能会提供更多以吸引买家。

3.The coupon yield remains fixed throughout the life of the bond, providing predictable income.

在债券的整个生命周期内，票息收益率保持不变，提供可预测的收入。

4.When calculating the return on investment, the coupon yield is an essential factor to consider.

在计算投资回报时，票息收益率是一个重要的考虑因素。

5.The bond has a coupon yield of 5%, which means it pays $50 annually on a $1,000 investment.

这只债券的票息收益率为5%，意味着它每年在1000美元的投资上支付50美元。

作文

Understanding the concept of coupon yield is essential for anyone interested in investing in bonds. The coupon yield, which can also be referred to as the nominal yield, represents the annual interest payment that a bondholder receives relative to the bond's face value. This yield is a crucial factor for investors as it helps them determine the income they can expect from their bond investments. To illustrate, let’s consider a bond with a face value of $1,000 and an annual coupon payment of $60. In this case, the coupon yield would be calculated by dividing the annual coupon payment by the bond's face value. Therefore, the coupon yield would be 60 / 1000 = 0.06 or 6%. This means that the investor will earn 6% of the bond's face value annually through interest payments.The coupon yield is particularly important because it provides a straightforward way to assess the attractiveness of a bond compared to other investment options. For instance, if investors are considering various bonds, they will look at the coupon yield to evaluate which bond offers a better return on investment. A higher coupon yield typically indicates a more favorable investment opportunity, assuming other factors such as credit risk and market conditions are constant.However, it is crucial to understand that the coupon yield does not take into account the current market price of the bond. If the bond is purchased at a premium (above its face value), the effective yield will be lower than the coupon yield. Conversely, if the bond is bought at a discount (below its face value), the effective yield will be higher. This discrepancy is why investors often consider the yield to maturity (YTM) alongside the coupon yield when making investment decisions.Another aspect to consider is that the coupon yield remains constant throughout the life of the bond, regardless of changes in market interest rates. If interest rates rise after the bond is issued, new bonds may offer higher coupon yields, making existing bonds with lower yields less attractive. This situation can lead to a decrease in the market price of existing bonds, as they become less competitive in the marketplace. Conversely, if interest rates fall, existing bonds with higher coupon yields become more desirable, potentially increasing their market price.In summary, understanding coupon yield is vital for any bond investor. It represents the annual interest payment relative to the bond's face value and serves as a key indicator of a bond's attractiveness. While the coupon yield provides valuable information, investors must also consider the bond's market price and factors such as yield to maturity to make informed investment decisions. By doing so, they can better navigate the complexities of the bond market and optimize their investment strategies.

理解票息收益率的概念对于任何对债券投资感兴趣的人来说都是至关重要的。票息收益率，也可以称为名义收益率，代表债券持有人相对于债券面值所收到的年度利息支付。这一收益率对投资者来说是一个关键因素，因为它帮助他们确定可以从债券投资中预期的收入。为了说明这一点，让我们考虑一只面值为1000美元、年票息支付为60美元的债券。在这种情况下，票息收益率将通过将年度票息支付除以债券的面值来计算。因此，票息收益率将是60 / 1000 = 0.06或6%。这意味着投资者每年将通过利息支付赚取债券面值的6%。票息收益率特别重要，因为它提供了一种简单的方法来评估债券与其他投资选择的吸引力。例如，如果投资者在考虑各种债券，他们会查看票息收益率来评估哪只债券提供更好的投资回报。假设其他因素如信用风险和市场条件保持不变，更高的票息收益率通常表示更有利的投资机会。然而，重要的是要理解，票息收益率并未考虑债券的当前市场价格。如果债券以溢价（高于面值）购买，则有效收益率将低于票息收益率。相反，如果债券以折扣（低于面值）购买，则有效收益率将高于票息收益率。这种差异就是为什么投资者在做出投资决策时通常会考虑到到期收益率（YTM）与票息收益率的原因。另一个需要考虑的方面是，票息收益率在债券的整个生命周期内保持不变，无论市场利率如何变化。如果债券发行后利率上升，新债券可能会提供更高的票息收益率，使得现有的低收益债券变得不那么吸引人。这种情况可能导致现有债券的市场价格下降，因为它们在市场上变得不具竞争力。相反，如果利率下降，现有高票息收益率的债券变得更具吸引力，可能会提高其市场价格。总之，理解票息收益率对任何债券投资者来说都至关重要。它代表了相对于债券面值的年度利息支付，并作为债券吸引力的关键指标。虽然票息收益率提供了有价值的信息，但投资者还必须考虑债券的市场价格以及如到期收益率等因素，以做出明智的投资决策。通过这样做，他们可以更好地驾驭债券市场的复杂性，优化他们的投资策略。