Callable bonds give the firm the option to repurchase the bond from the holder at a stipulated call price.
—可赎回债券赋予公司一项权利,可以从持有者手中以特定的赎回价格回购债券。
Callable bonds can be decomposed into bond and bond's call option, while puttable bonds can be decomposed into bond and bond's put option.
可赎回债券可以分解成普通债券和债券看涨期权的组合,可回售债券可以分解成普通债券和债券看跌期权的组合。
For the T-bond contract, any Treasure bond that has at least 15 years to the nearest call date or to maturity (if non-callable) can be used for delivery.
对于国债期货,任何距最近的赎回日或到期日(假如不可赎回)长达至少15年的国债可用于交割。
High Yield bonds are usually non-callable for about half of life of the bond;
高收益债券通常在期限过半时不可赎回;
High Yield bonds are usually non-callable for about half of life of the bond;
高收益债券通常在期限过半时不可赎回;
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