bond yield

简明释义

债券收益

英英释义

例句

1.The bond yield of government bonds is generally considered a safe investment option.

政府债券的债券收益率通常被视为一种安全的投资选择。

2.Many financial analysts use the bond yield curve to predict economic trends.

许多金融分析师使用债券收益率曲线来预测经济趋势。

3.Investors often look at the bond yield to assess the potential return on their fixed-income investments.

投资者通常会查看债券收益率来评估他们的固定收益投资的潜在回报。

4.When interest rates increase, the bond yield typically rises as well.

当利率上升时，债券收益率通常也会上升。

5.A rising bond yield can indicate that investors are expecting higher inflation.

上升的债券收益率可能表明投资者预计通货膨胀将上升。

作文

Understanding the concept of bond yield is crucial for anyone interested in investing in fixed-income securities. A bond yield represents the return an investor can expect to earn from a bond, typically expressed as an annual percentage. This yield is an important indicator of the bond's profitability and is influenced by various factors including interest rates, inflation, and the credit quality of the issuer.When an investor purchases a bond, they are essentially lending money to the issuer, which could be a corporation or government. In return for this loan, the issuer agrees to pay periodic interest payments, known as coupon payments, and to return the principal amount at maturity. The bond yield helps investors assess how much they will earn from these payments relative to the price they paid for the bond.There are different types of bond yield, including current yield, yield to maturity, and yield to call. The current yield is calculated by dividing the bond's annual coupon payment by its current market price. This provides a snapshot of the income generated by the bond relative to its price. On the other hand, the yield to maturity (YTM) considers all future cash flows from the bond, including both coupon payments and the return of principal, discounted back to their present value. This makes YTM a more comprehensive measure of a bond's potential return.The yield to call (YTC) is relevant for callable bonds, which can be redeemed by the issuer before the maturity date. YTC calculates the yield assuming the bond is called at the earliest possible date, providing investors with insight into what they might earn if the bond is called early.Investors should also be aware that bond yield is inversely related to bond prices. When interest rates rise, existing bond prices typically fall, leading to an increase in the bond yield. Conversely, when interest rates decline, bond prices tend to rise, resulting in a lower bond yield. This relationship highlights the importance of monitoring interest rate trends when investing in bonds.Another key factor that affects bond yield is the credit risk associated with the issuer. Bonds issued by entities with lower credit ratings generally offer higher yields to compensate investors for taking on additional risk. This means that understanding the creditworthiness of the issuer is essential for making informed investment decisions.In summary, the concept of bond yield is vital for understanding the potential returns on bond investments. It encompasses various measures such as current yield, yield to maturity, and yield to call, each providing different insights into the bond's profitability. Investors must consider interest rates, inflation, and the credit quality of issuers when evaluating bond yield. By grasping these concepts, investors can make more informed decisions and better manage their fixed-income portfolios.

理解债券收益率的概念对任何有意投资固定收益证券的人来说都是至关重要的。债券收益率代表了投资者从债券中预期获得的回报，通常以年百分比的形式表示。这一收益率是债券盈利能力的重要指标，并受到利率、通货膨胀和发行人信用质量等多种因素的影响。当投资者购买债券时，他们实际上是在向发行人借钱，发行人可以是公司或政府。作为这笔贷款的回报，发行人同意支付定期的利息支付，称为票息支付，并在到期时归还本金。债券收益率帮助投资者评估他们从这些支付中相对于债券购买价格所能获得的收益。债券收益率有不同类型，包括当前收益率、到期收益率和赎回收益率。当前收益率是通过将债券的年票息支付除以其当前市场价格来计算的。这提供了债券产生的收入与其价格的快照。另一方面，到期收益率（YTM）考虑了债券所有未来现金流，包括票息支付和本金的返还，并将其折现回现值。这使得YTM成为衡量债券潜在回报的更全面的指标。赎回收益率（YTC）适用于可赎回债券，这些债券可以在到期日前被发行人赎回。YTC计算假设债券在最早可能的日期被赎回的收益率，为投资者提供了如果债券提前被赎回可能获得的收益的见解。投资者还应意识到，债券收益率与债券价格呈反比关系。当利率上升时，现有债券价格通常会下跌，导致债券收益率上升。相反，当利率下降时，债券价格往往会上涨，从而导致债券收益率降低。这一关系突显了在投资债券时监测利率趋势的重要性。影响债券收益率的另一个关键因素是与发行人相关的信用风险。信用评级较低的实体发行的债券通常提供更高的收益率，以补偿投资者承担额外风险。这意味着了解发行人的信用状况对于做出明智的投资决策至关重要。总之，债券收益率的概念对于理解债券投资的潜在回报至关重要。它包括当前收益率、到期收益率和赎回收益率等各种衡量标准，每种标准都提供了债券盈利能力的不同见解。投资者在评估债券收益率时必须考虑利率、通货膨胀和发行人的信用质量。通过掌握这些概念，投资者可以做出更明智的决策，更好地管理他们的固定收益投资组合。