Bond yield就是YTM(Yield-to-maturity)。是假设债券①持有至到期,②期间再投资利率不变和期初核算的YTM一致,③并且没有违约、Coupon和本金按时足额归还。 因为债券的价格会随着市场交易变化,所以反算出来的折现率YTM就会变。所以债券价格和Bond yield反应同样的市场信息。 “不包括价格变动吗?都包括哪下收益?利息?”...
YTM(yield to maturity): Interest rate that makes the present value of the bond's payments equal...
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2、interset rate：可以简单理解成YTM（yield to maturity），出借方要求收到的回报对应的收益率 以上是...
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你说的垃圾债/次级债是high-yield bonds。这里的higher-yield bonds是对比之前，现在利率上升了导致yield...
Duration measures the percentage change in price with respect to a change in yield. Source: FMRCo Of course, duration works both ways. If interest rates were to fall, the value of a bond with a longer duration would rise more than a bond with a shorter duration. Therefore, in our ...
Bond Yield Rate vs. Coupon Rate: An Overview A bond'scoupon rateis the rate of interest it pays annually, while its yield is the rate of return it generates. A bond's coupon rate is expressed as a percentage of its par value. The par value is simply the face value of the bo...
A bond's yield is the return to an investor from the bond's interest, or coupon, payments. It can be calculated as a simple coupon yield or using a more complex method like yield to maturity. Higher yields mean that bond investors are owed larger interest payments, but may also be a ...
Thebond's yieldis the return you receive in the form of interest. The current yield of a bond is determined by dividing its annual interest payment by its current price. When a bond's price falls, its yield rises because the annual interest payment remains the same. Similarly, when the p...