Coupon rate

简明释义

孳息率

英英释义

例句

1.The coupon rate can affect the market price of the bond significantly.

债券的票面利率可以显著影响其市场价格。

2.Investors often seek bonds with a stable coupon rate for predictable income.

投资者通常寻求具有稳定票面利率的债券，以获得可预测的收入。

3.A higher coupon rate typically indicates a higher risk associated with the bond.

较高的票面利率通常表明债券相关风险较高。

4.The bond's coupon rate is set at 5%, meaning investors will receive 5% of the face value annually.

该债券的票面利率设定为5%，意味着投资者每年将获得面值的5%。

5.When comparing bonds, it's essential to consider the coupon rate to understand the returns.

在比较债券时，考虑票面利率以了解回报是至关重要的。

作文

Understanding the concept of the Coupon rate is crucial for anyone looking to invest in bonds or fixed-income securities. The Coupon rate refers to the annual interest rate paid on a bond, expressed as a percentage of its face value. It is an essential factor that determines the income an investor will receive from a bond investment over time. For instance, if an investor purchases a bond with a face value of $1,000 and a Coupon rate of 5%, they will receive $50 annually until the bond matures. This predictable income stream is one of the appealing aspects of bond investing.The Coupon rate is set at the time the bond is issued and remains fixed throughout the life of the bond. This stability can be particularly attractive during periods of fluctuating interest rates. If market interest rates rise after a bond is issued, the existing bonds with lower Coupon rates may become less attractive to investors. Conversely, if market rates fall, bonds with higher Coupon rates will be more desirable, often leading to an increase in their market price.Moreover, understanding the Coupon rate helps investors assess the overall return on their investment. While the Coupon rate provides a clear indication of the income generated by the bond, it does not account for potential capital gains or losses that may occur if the bond is sold before maturity. Therefore, investors should also consider the yield to maturity (YTM), which takes into account the total returns, including the Coupon rate, any capital gains or losses, and the time remaining until maturity.Investors should also be aware of the distinction between the Coupon rate and the yield. The yield reflects the bond's current market price relative to its Coupon rate. If a bond is trading at a premium (above its face value), its yield will be lower than its Coupon rate, whereas if it is trading at a discount (below its face value), the yield will be higher than the Coupon rate. This relationship is vital for investors to understand, as it influences their decision-making process regarding buying or selling bonds.In conclusion, the Coupon rate is a fundamental concept in the world of fixed-income investing. It represents the interest payments made to bondholders and plays a significant role in determining the attractiveness of a bond investment. By grasping the implications of the Coupon rate, investors can make more informed decisions, balancing their need for income against the risks associated with changes in interest rates and market conditions. Ultimately, understanding the Coupon rate empowers investors to navigate the complexities of the bond market with greater confidence and success.

理解票息率的概念对于任何想要投资债券或固定收益证券的人来说都是至关重要的。票息率是指债券支付的年利率，以其面值的百分比表示。它是决定投资者在债券投资中随时间获得收入的一个重要因素。例如，如果投资者购买一只面值为1000美元、票息率为5%的债券，他们将每年收到50美元，直到债券到期。这种可预测的收入流是债券投资的一个吸引人的方面。票息率在债券发行时设定，并在债券的整个生命周期内保持不变。这种稳定性在利率波动的时期尤其具有吸引力。如果市场利率在债券发行后上涨，现有的低票息率债券可能对投资者变得不那么有吸引力。相反，如果市场利率下降，具有较高票息率的债券将更受欢迎，通常会导致其市场价格上涨。此外，理解票息率有助于投资者评估其投资的整体回报。虽然票息率清楚地表明了债券产生的收入，但它并未考虑如果在到期之前出售债券可能发生的资本收益或损失。因此，投资者还应考虑到期收益率（YTM），该收益率考虑了包括票息率、任何资本收益或损失以及距到期的剩余时间在内的总回报。投资者还应注意票息率与收益率之间的区别。收益率反映了债券当前市场价格相对于其票息率的情况。如果一只债券以溢价（高于面值）交易，其收益率将低于其票息率，而如果以折价（低于面值）交易，则收益率将高于票息率。这种关系对于投资者理解至关重要，因为它影响他们关于买入或卖出债券的决策过程。总之，票息率是固定收益投资世界中的一个基本概念。它代表支付给债券持有人的利息，并在决定债券投资的吸引力方面发挥着重要作用。通过掌握票息率的含义，投资者可以做出更明智的决策，在收入需求和利率变化及市场条件相关风险之间取得平衡。最终，理解票息率使投资者能够更自信、更成功地驾驭债券市场的复杂性。