这里的higher-yield bonds是对比之前，现在利率上升了导致yield更高，也就是分母越高。而分母越高会导致...
Global Bonds Gain Luster from Higher Interest Rates
History shows bonds tend to outperform cash during the pause period and can benefit from price appreciation when interest rates fall, making now a great time to consider setting up portfolios for the next wave of the cycle. Advisors can use this interest rate pause as an opportunity to add lo...
Treasuries or other money market instruments earning high standard cash rates. Likewise, fixed income relative value strategies with higher levels of gross exposure, such as liquid portfolios focused on government bonds and related interest rate products, tend to have unencumbered cash level...
Investors had been expecting interest rates to rise, according to Page. He could see that earlier this year in the difference between the capitalization rates on sales of commercial real estate properties and the yield on 10-year Treasury bonds. “The spreads were abnormally large,” says Page....
The above chart is somewhat counterintuitive. As interest rates have increased meaningfully, net interest payments have in fact come down. The conclusion or explanation is that corporates have managed to borrow long, take these proceeds and invest in short dated government bonds or money marke...
With the advent of high-yield bonds, leverage became available to boost asset prices and capital investment, balanced by higher interest rates to offset the additional risk. This created a monster new wave of investment and what became “financialization” of the markets. The second sea change wa...
“Short-term bond yields are high currently, but with the Federal Reserve poised to cut interest rates investors may want to consider longer-term bonds or bond funds,” said Collin Martin of Charles Schwab, via anAdvisor Perspectives article. ...
免费在线预览全文 Chapter 23 Measuring a Nations Income TRUE/FALSE 1. In years of economic contraction, firms throughout the economy increase their production of goods and services, employment rises, and jobs are easy to find. ANS: F DIF: 1 REF: 23-0 NAT: Analytic LOC: The study of eco...
Counterintuitively, the yields on fully taxable and state-tax-free agency bonds tend to be similar, if not equal. While one might assume agency bonds that are not taxed at the state level would be more expensive than those that are fully taxable, thereby offsetting part of the benefit - as...