bond discount

简明释义

债券折价

英英释义

例句

1.A bond discount indicates that the bond's face value is greater than its purchase price.

债券折价表示债券的面值大于其购买价格。

2.Investors often purchase bonds at a bond discount to benefit from higher yields.

投资者通常以债券折价购买债券，以获得更高的收益。

3.The company issued its latest bonds at a bond discount due to lower market demand.

由于市场需求低迷，公司以债券折价发行了最新的债券。

4.When interest rates rise, existing bonds may trade at a bond discount.

当利率上升时，现有债券可能会以债券折价交易。

5.Buying a bond at a bond discount can lead to capital gains if held until maturity.

以债券折价购买债券，如果持有到期，可能会带来资本收益。

作文

In the world of finance, understanding various terms and concepts is essential for making informed investment decisions. One such term is bond discount, which refers to the situation where a bond is sold for less than its face value or par value. This can occur for several reasons, including changes in interest rates, the creditworthiness of the issuer, and the overall market conditions. Bond discount is an important concept for both investors and issuers, as it can significantly impact the returns on investment and the cost of borrowing.When an investor purchases a bond at a discount, they are essentially paying less than what they will receive upon maturity. For example, if a bond has a face value of $1,000 but is sold for $950, the bond discount is $50. This discount represents the difference between the purchase price and the amount the investor will receive when the bond matures. Moreover, the investor will also receive periodic interest payments, known as coupon payments, which are typically based on the bond's face value. As a result, investing in bonds at a discount can lead to higher overall returns, especially if the bond is held until maturity.The reasons behind a bond discount can vary. One common reason is the fluctuation of interest rates in the market. When interest rates rise, existing bonds with lower interest rates become less attractive to investors, leading to a decrease in their market price. Consequently, these bonds may be sold at a discount to entice buyers. Conversely, if interest rates fall, existing bonds with higher interest rates may trade at a premium, meaning they are sold for more than their face value.Another factor that can lead to a bond discount is the perceived credit risk associated with the bond issuer. If an issuer's financial health deteriorates, investors may demand a higher return to compensate for the increased risk of default. This can result in the bond being sold at a discount to reflect the higher risk. For instance, if a corporation is facing financial difficulties, its bonds may trade at a discount as investors seek to mitigate potential losses.Understanding bond discount is also crucial for bond issuers. When issuing bonds, companies or governments aim to raise capital. If the bonds are perceived as risky or if market conditions are unfavorable, they may need to offer a bond discount to attract investors. This means that the issuer will ultimately pay more in interest over the life of the bond compared to issuing bonds at par value, affecting their overall cost of financing.In conclusion, the concept of bond discount plays a vital role in the bond market and impacts both investors and issuers. Investors should carefully consider the implications of purchasing bonds at a discount, as it can enhance their returns while also reflecting the risks involved. On the other hand, issuers must be aware of market conditions and investor perceptions to effectively manage their borrowing costs. By grasping the nuances of bond discount, individuals can make more informed decisions in their investment strategies and financial planning.

在金融世界中，理解各种术语和概念对于做出明智的投资决策至关重要。其中一个术语是债券折价，指的是债券以低于其面值或票面价值的价格出售的情况。这可能由于多种原因而发生，包括利率变化、发行人的信用状况以及整体市场条件。债券折价是投资者和发行人都需要关注的重要概念，因为它会显著影响投资回报和借款成本。当投资者以折扣购买债券时，他们实际上支付的金额低于到期时将收到的金额。例如，如果一只债券的面值为1000美元，但以950美元出售，则债券折价为50美元。这个折价代表了购买价格与投资者到期时将收到的金额之间的差额。此外，投资者还将收到定期的利息支付，称为票息支付，通常基于债券的面值。因此，以折扣投资债券可以带来更高的整体回报，尤其是在债券持有到期的情况下。导致债券折价的原因各不相同。其中一个常见原因是市场利率的波动。当利率上升时，现有的低利率债券对投资者变得不那么有吸引力，从而导致其市场价格下降。因此，这些债券可能以折扣出售以吸引买家。相反，如果利率下降，现有的高利率债券可能以溢价交易，这意味着它们的售价超过其面值。另一个可能导致债券折价的因素是与债券发行人相关的信用风险。如果发行人的财务状况恶化，投资者可能会要求更高的回报以补偿增加的违约风险。这可能导致债券以折扣价格出售，以反映更高的风险。例如，如果一家公司面临财务困难，其债券可能会以折扣交易，因为投资者寻求降低潜在损失。理解债券折价对于债券发行人也至关重要。在发行债券时，公司或政府旨在筹集资金。如果债券被视为有风险，或者市场条件不利，他们可能需要提供债券折价以吸引投资者。这意味着与按面值发行债券相比，发行人在债券的整个生命周期内需要支付更多的利息，从而影响其整体融资成本。总之，债券折价的概念在债券市场中发挥着重要作用，影响着投资者和发行人。投资者应仔细考虑以折扣购买债券的影响，因为这可以增强他们的回报，同时也反映了所涉及的风险。另一方面，发行人必须意识到市场条件和投资者的看法，以有效管理其借款成本。通过掌握债券折价的细微差别，个人可以在投资策略和财务规划中做出更明智的决策。