negative carry

简明释义

帐面赔本

英英释义

例句

1.Holding onto a currency that depreciates can lead to a negative carry 负收益 for forex traders.

持有贬值的货币可能会导致外汇交易者面临负收益 negative carry。

2.The negative carry 负收益 from holding long-term positions can impact overall portfolio performance.

持有长期头寸的负收益 negative carry可能会影响整体投资组合表现。

3.The fund manager decided to avoid certain bonds due to their negative carry 负收益 implications.

基金经理决定避免某些债券，因为它们的负收益 negative carry 意义。

4.When interest rates rise, investors may experience a negative carry 负收益 on their fixed-income securities.

当利率上升时，投资者可能会在其固定收益证券上经历一个负收益 negative carry。

5.Investors must be cautious about negative carry 负收益 when trading in volatile markets.

在波动市场中交易时，投资者必须对负收益 negative carry保持警惕。

作文

In the world of finance, various terms and concepts are used to describe different situations and strategies. One such term is negative carry, which refers to a situation where the cost of holding an asset exceeds the income generated from that asset. This concept is particularly relevant in the context of investments, borrowing, and interest rates. Understanding negative carry can help investors make more informed decisions and manage their portfolios effectively.To illustrate the concept, consider an investor who purchases a bond that pays a fixed interest rate. If the interest rate on the bond is lower than the rate at which the investor borrowed money to purchase it, the investor will experience negative carry. In this case, the investor is paying more in interest on the loan than they are receiving from the bond's coupon payments. As a result, the overall cash flow is negative, leading to potential losses over time.The implications of negative carry extend beyond individual investors. For institutions and hedge funds, negative carry can significantly affect their trading strategies and risk management practices. When engaging in arbitrage, for example, traders may find themselves in a position where they incur negative carry due to the costs associated with holding the positions. This situation can lead to substantial financial strain and may force traders to close positions prematurely or adjust their strategies to mitigate losses.Furthermore, negative carry is often a concern during periods of low-interest rates. Central banks may lower rates to stimulate economic growth, but this can also create an environment where investors face negative carry on various assets. For instance, if an investor holds cash in a savings account earning negligible interest, while simultaneously facing inflation that erodes purchasing power, they effectively experience negative carry. This scenario highlights the importance of considering inflation and opportunity costs when evaluating investment options.Moreover, negative carry is not limited to fixed-income securities. It can also occur in other asset classes, such as commodities or currencies. For example, when holding physical commodities like gold, investors may incur storage and insurance costs that exceed any potential returns from price appreciation. Similarly, currency traders may face negative carry if they hold a currency with a lower interest rate compared to another currency, resulting in a loss of potential income.In conclusion, understanding the concept of negative carry is crucial for both individual and institutional investors. It emphasizes the importance of analyzing the costs associated with holding assets and the potential impact on overall financial performance. By being aware of negative carry, investors can make more strategic decisions, avoid unnecessary losses, and enhance their investment outcomes. In a dynamic financial landscape, recognizing and managing negative carry can be the difference between success and failure in achieving investment goals.

在金融世界中，各种术语和概念被用来描述不同的情况和策略。其中一个术语是负担利息，指的是持有资产的成本超过该资产所产生的收入的情况。这个概念在投资、借贷和利率的背景下尤为相关。理解负担利息可以帮助投资者做出更明智的决策，并有效管理他们的投资组合。为了说明这个概念，考虑一个购买了固定利率债券的投资者。如果债券的利率低于投资者借款购买债券的利率，那么投资者将经历负担利息。在这种情况下，投资者支付的贷款利息超过了债券的票息支付。因此，整体现金流为负，导致潜在的损失。负担利息的影响不仅限于个人投资者。对于机构和对冲基金而言，负担利息可能会显著影响它们的交易策略和风险管理实践。例如，在进行套利时，交易员可能会发现自己处于一种由于持有头寸而产生负担利息的状态。这种情况可能导致巨大的财务压力，并可能迫使交易员提前平仓或调整策略以减轻损失。此外，在低利率时期，负担利息通常是一个关注点。中央银行可能会降低利率以刺激经济增长，但这也可能导致投资者面临各种资产的负担利息。例如，如果投资者将现金存放在收益微薄的储蓄账户中，同时面临侵蚀购买力的通货膨胀，他们实际上经历了负担利息。这一场景突显了在评估投资选择时考虑通货膨胀和机会成本的重要性。此外，负担利息并不限于固定收益证券。它也可能发生在其他资产类别中，例如商品或货币。例如，当持有实物商品如黄金时，投资者可能会面临存储和保险费用，这些费用超过了任何潜在的价格升值收益。同样，如果货币交易者持有的货币利率低于另一种货币的利率，他们可能会面临负担利息，导致潜在收入的损失。总之，理解负担利息的概念对个人和机构投资者都至关重要。它强调了分析持有资产的成本及其对整体财务表现潜在影响的重要性。通过意识到负担利息，投资者可以做出更具战略性的决策，避免不必要的损失，并增强他们的投资成果。在动态的金融环境中，识别和管理负担利息可能是实现投资目标的成败之分。