两者没有区别,都是指长期债券。 我看何老师说bond yield可以看成是投资者的required return,是决定bond price的;区别于realized return(真实获得的收益)=expected return——这里也不是很明白。bond yield和bond price之间的反向变动,这我是理解的。 expected return是包含了价格变动的收益的。 如果价格上涨了,价格方...
1、CHAPTER 14Bond Prices and YieldsBonds are debt. Issuers are borrowers and holders are creditors.The indenture is the contract between the issuer and the bondholder.The indenture gives the coupon rate, maturity date, and par value.Bond Characteristics2Face or par value is typically $1000; ...
BondPricesandYields 14-1 Copyright 2007McGraw-HillAustraliaPtyLtd PPTst/aInvestments,byBodie,Ariff,daSilvaRosa,Kane&Marcus SlidespreparedbyHarminderSingh •BondCharacteristics •BondPricing •YieldtoMaturity •BondPricingovertime •Defaultrisk ...
因为债券到期获利是固定的（例如它是折价发行的，到期按面值兑付）。二级市场购买价当然就与收益成反比了啊，你买入的价格越低，获利越多嘛。
背景知识: 1. bond yields:债券收益率。国债价格与国债收益率是负相关,例如1张国债面值是 100元,到期赎回也是100元,还有2元的利息,即2%是他的收益率;如果买的人多了,价格上升变成102元,但到期赎回却...
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When investing in bonds & CDs, it's imperative to understand how prices, rates, and yields affect each other.If you buy a new issue bond or certificate of deposit (CD) and plan to keep it to maturity, changing prices, market interest rates, and yields typically do not affect you, ...
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Bond prices are worth watching from day to day as a useful indicator of the direction of interest rates and, more generally, future economic activity. Not incidentally, they're an important component of a well-managed and diversified investment portfolio. Bond prices and bond yields are always a...
A bond yield is thereturnan investor realizes on abond. Put simply, a bond yield is the return on the capital invested by an investor. Bond yields are different from bond prices—both of which share an inverse relationship. The yield matches the bond's coupon rate when the bond is issued...