mortgage bond

简明释义

抵押债券

英英释义

例句

1.A mortgage bond is secured by a pool of mortgages, reducing the risk for investors.

一项抵押债券是由一组抵押贷款担保的，从而减少了投资者的风险。

2.Investors are attracted to mortgage bonds because they offer a steady income stream.

投资者对抵押债券很感兴趣，因为它们提供稳定的收入来源。

3.When interest rates rise, the value of existing mortgage bonds may decline.

当利率上升时，现有的抵押债券的价值可能会下降。

4.The bank issued a new mortgage bond to finance the construction of residential homes.

银行发行了一种新的抵押债券来为住宅建设提供资金。

5.The mortgage bond market can be volatile during economic downturns.

在经济衰退期间，抵押债券市场可能会波动。

作文

In the world of finance, various instruments are used to facilitate investments and manage risks. One such instrument is the mortgage bond, which plays a crucial role in the real estate market and the broader economy. A mortgage bond is essentially a type of debt security that is secured by a mortgage or a pool of mortgages. This means that the bondholder has a claim on the underlying real estate assets in case of default, making it a relatively safe investment compared to unsecured bonds.The concept of a mortgage bond can be traced back to the need for liquidity in the housing market. When individuals or families want to buy a home, they often do not have enough cash to make a purchase outright. Instead, they take out a mortgage from a lender, which allows them to buy the property with borrowed funds. The lender, in turn, can sell these mortgages to investors in the form of mortgage bonds. This process not only provides the lender with immediate capital but also allows investors to earn interest on their investment.Investing in mortgage bonds can be an attractive option for many investors due to their relatively stable returns. The interest payments on these bonds are typically derived from the mortgage payments made by homeowners. As long as homeowners continue to pay their mortgages, the bondholders receive regular interest payments. Furthermore, since mortgage bonds are backed by physical assets (the properties), they tend to have lower risk profiles compared to other types of bonds.However, investing in mortgage bonds is not without its risks. One significant risk is the potential for default. If a large number of homeowners fail to make their mortgage payments, the value of the mortgage bonds can decline significantly. This was notably evident during the 2008 financial crisis when many mortgage-backed securities lost substantial value due to widespread defaults. Therefore, while mortgage bonds can provide steady income, investors must also consider the economic conditions and the health of the housing market.Another factor to consider is interest rate risk. When interest rates rise, the value of existing mortgage bonds may decrease because new bonds are likely to be issued at higher rates. This can lead to capital losses for investors who wish to sell their bonds before maturity. Additionally, if homeowners refinance their mortgages at lower rates, this can lead to early repayment of the bonds, which may not be favorable for investors expecting long-term interest payments.Despite these risks, mortgage bonds remain a popular investment choice for many institutional and individual investors. They offer a way to gain exposure to the real estate market without having to directly own property. Moreover, they can be an effective tool for portfolio diversification, providing a balance between risk and return.In conclusion, understanding the intricacies of mortgage bonds is essential for anyone interested in the financial markets. These instruments not only provide funding for homebuyers but also create investment opportunities for those looking to earn income from real estate. By weighing the potential risks and rewards associated with mortgage bonds, investors can make informed decisions that align with their financial goals and risk tolerance. Ultimately, the mortgage bond market continues to be a vital component of the global economy, influencing both individual wealth and broader economic stability.

在金融世界中，各种工具被用来促进投资和管理风险。其中一种工具是抵押债券，它在房地产市场和更广泛的经济中发挥着至关重要的作用。抵押债券本质上是一种由抵押贷款或一组抵押贷款担保的债务证券。这意味着，如果发生违约，债券持有人对基础房地产资产拥有索赔权，使其相较于无担保债券而言是一种相对安全的投资。抵押债券的概念可以追溯到住房市场流动性的需求。当个人或家庭想要购买房屋时，他们通常没有足够的现金进行全额购买。相反，他们向贷方申请抵押贷款，这使他们能够以借入的资金购买物业。贷方则可以将这些抵押贷款以抵押债券的形式出售给投资者。这一过程不仅为贷方提供了即时资本，还使投资者能够从他们的投资中赚取利息。投资抵押债券对许多投资者来说可能是一个有吸引力的选择，因为它们的回报相对稳定。这些债券的利息支付通常来源于房主支付的抵押贷款。只要房主继续支付他们的抵押贷款，债券持有人就会定期收到利息支付。此外，由于抵押债券是以实物资产（即物业）作为担保，它们的风险水平往往低于其他类型的债券。然而，投资抵押债券并非没有风险。一个重要的风险是违约的可能性。如果大量房主未能按时偿还抵押贷款，抵押债券的价值可能会显著下降。这在2008年金融危机期间尤为明显，当时许多抵押贷款支持证券由于普遍违约而失去了大量价值。因此，虽然抵押债券可以提供稳定的收入，但投资者还必须考虑经济条件和住房市场的健康状况。另一个需要考虑的因素是利率风险。当利率上升时，现有的抵押债券的价值可能会下降，因为新的债券可能会以更高的利率发行。这可能导致投资者在到期之前希望出售其债券时出现资本损失。此外，如果房主以更低的利率再融资其抵押贷款，这可能导致债券的提前偿还，这对期待长期利息支付的投资者可能不利。尽管存在这些风险，抵押债券仍然是许多机构和个人投资者的热门投资选择。它们提供了一种在不直接拥有物业的情况下获得房地产市场敞口的方式。此外，它们可以成为投资组合多样化的有效工具，在风险和回报之间提供平衡。总之，理解抵押债券的复杂性对于任何对金融市场感兴趣的人来说都是至关重要的。这些工具不仅为购房者提供资金，还为那些希望从房地产中获得收入的投资者创造了投资机会。通过权衡与抵押债券相关的潜在风险和回报，投资者可以做出符合其财务目标和风险承受能力的明智决策。最终，抵押债券市场继续成为全球经济的重要组成部分，影响着个人财富和更广泛的经济稳定。