Par bonds
简明释义
有面值债券
英英释义
Par bonds are bonds that are issued and traded at their face value, meaning they are sold at a price equal to their nominal or par value. | 平价债券是以其面值发行和交易的债券,这意味着它们的售价等于其名义或面值。 |
例句
1.The coupon payments from Par bonds 面值债券 are typically fixed, providing predictable income for investors.
来自面值债券 Par bonds的息票支付通常是固定的,为投资者提供可预测的收入。
2.Many investors consider Par bonds 面值债券 a safer investment option compared to other types of bonds.
许多投资者认为面值债券 Par bonds相比其他类型的债券是更安全的投资选择。
3.When interest rates rise, the value of Par bonds 面值债券 may decrease in the secondary market.
当利率上升时,面值债券 Par bonds的价值可能会在二级市场上下降。
4.A company issued Par bonds 面值债券 to finance its expansion plans without increasing its debt burden.
一家公司发行了面值债券 Par bonds以融资其扩展计划,而不增加其债务负担。
5.Investors often prefer to buy Par bonds 面值债券 because they provide a guaranteed return at maturity.
投资者通常更喜欢购买面值债券,Par bonds因为它们在到期时提供保证回报。
作文
In the world of finance, understanding different types of bonds is crucial for investors. One important category of bonds is known as Par bonds. These are bonds that are issued at their face value, which means they are sold at their nominal price. For instance, if a bond has a face value of $1,000, it will be sold for $1,000 when it is first issued. This concept is fundamental in the realm of fixed-income securities and plays a significant role in investment strategies.The appeal of Par bonds lies in their straightforward nature. Investors can easily understand the relationship between the bond's price and its yield. When an investor purchases a bond at par, they can expect to receive interest payments, also known as coupon payments, based on the bond's stated interest rate. This predictability makes Par bonds an attractive option for conservative investors seeking stable income.Another key feature of Par bonds is that upon maturity, the issuer pays back the bondholder the face value of the bond. This creates a sense of security for investors, knowing they will get back their initial investment. This characteristic is particularly appealing to those who prioritize capital preservation in their investment portfolios.Moreover, Par bonds can serve as a benchmark for other types of bonds. When evaluating the performance of a bond, investors often compare its yield to that of Par bonds. If a bond is trading above par, it is considered to have a premium, while a bond trading below par is said to be at a discount. This comparison helps investors assess the relative value of various bonds in the market.However, it is essential to note that Par bonds are not without risks. Interest rates play a significant role in bond pricing. If market interest rates rise after a bond is issued, the value of existing Par bonds may decline because new bonds may offer higher yields. This inverse relationship between interest rates and bond prices is a fundamental principle that all bond investors should understand.Additionally, the creditworthiness of the issuer affects the desirability of Par bonds. If an issuer's financial health deteriorates, the perceived risk associated with their bonds increases, potentially leading to a decrease in the bond's market value. Therefore, thorough research and analysis of the issuer's credit rating are vital before investing in Par bonds.In conclusion, Par bonds represent a foundational aspect of the bond market, offering simplicity and predictability for investors. Their face value issuance, reliable coupon payments, and return of principal at maturity make them an appealing choice for those seeking stable income. However, investors must remain vigilant about market conditions and issuer creditworthiness to mitigate risks associated with these financial instruments. By comprehensively understanding Par bonds, investors can make informed decisions that align with their financial goals and risk tolerance.
在金融世界中,理解不同类型的债券对投资者至关重要。其中一个重要的债券类别被称为面值债券。这些债券以其面值发行,这意味着它们以其名义价格出售。例如,如果一只债券的面值为1000美元,它将在首次发行时以1000美元的价格出售。这个概念在固定收益证券领域是基础,并在投资策略中发挥着重要作用。面值债券的吸引力在于它们的简单明了。投资者可以轻松理解债券价格与收益之间的关系。当投资者以面值购买债券时,他们可以期待根据债券的票面利率获得利息支付,也称为票息支付。这种可预测性使得面值债券成为寻求稳定收入的保守投资者的一个有吸引力的选择。面值债券的另一个关键特征是到期时,发行人会向债券持有人支付债券的面值。这为投资者创造了一种安全感,因为他们知道自己将收回初始投资。这一特性对那些在投资组合中优先考虑资本保值的人尤其具有吸引力。此外,面值债券可以作为其他类型债券的基准。在评估债券表现时,投资者通常将其收益与面值债券的收益进行比较。如果一只债券的交易价格高于面值,则被视为溢价,而低于面值的债券则被称为折价。这种比较帮助投资者评估市场上各种债券的相对价值。然而,需要注意的是,面值债券并非没有风险。利率在债券定价中起着重要作用。如果市场利率在债券发行后上升,现有的面值债券的价值可能会下降,因为新债券可能提供更高的收益。这种利率与债券价格之间的反向关系是所有债券投资者应理解的基本原则。此外,发行人的信用worthiness也会影响面值债券的吸引力。如果发行人的财务状况恶化,与其债券相关的风险感知增加,可能导致债券市场价值下降。因此,在投资面值债券之前,对发行人的信用评级进行彻底研究和分析至关重要。总之,面值债券代表了债券市场的基础方面,为投资者提供了简单和可预测性。它们的面值发行、可靠的票息支付以及到期时的本金返还使其成为寻求稳定收入的人的一个有吸引力的选择。然而,投资者必须对市场条件和发行人的信用worthiness保持警惕,以减轻与这些金融工具相关的风险。通过全面理解面值债券,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。
相关单词