Look, all I am saying is that the high yield bond market is not the sort of relationship banking that you are used to in Europe.
你看,我所说的那种高收益的债券市场和你以前在欧洲做的银行业务没什么关系。
Big companies are turning away from the banks to the bond market as a result: high-yield bond issuance in March broke the previous monthly record.
因此,大公司只有从银行转向债券市场:三月份的高收益债券发行破了上个月的记录。
In effect, pensions are a debt like any other, and should be discounted with a bond yield.
实际上,养老金跟别的债务一样,因此应该用债券收益率来折现。
Next year, interest rates will be rising, and so will bond yield and equity returns.
明年,利率将会上升,因此债券收益率和资产回报也将上升。
The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher present value for shares.
通常的理由是基于一个折现现金流量模型;较低的债券收益率意味着降低贴现率,从而提高股票的现值。
So it proved. The gaps between the ten-year bond yield of Germany and those of Greece, Portugal and Ireland jumped sharply this week.
事实也确实如此:本周,德国的十年债券利润和希腊、葡萄牙、爱尔兰的差距迅速扩大。
As a result, when there is risk of deflation, the older bond has to offer a higher yield to compete with a newer one.
因此,当面临通货紧缩危险时,为同新债券竞争,旧债券不得不提供更高的回报。
It has held back currency appreciation and steepened the bond yield curve, supporting Banks.
它抑制了汇率升值,令债券收益率曲线更为陡峭,由此对银行构成支持。
When bond prices fall, yield rises, because the interest rate of a bond is a fixed percentage of the bond's face value.
当债券价格下跌,收益将增加,因为债券的利率与债券票面价值的比例固定。
But Portugal paid a heavy price to make them so appealing; the yield on the June 2020 bond was a whopping 6.7%.
这两种债券都被抢购一空,但是葡萄牙为使它们如此富有吸引力付出了惨重的代价,将于2020年6月到期的债券收益率高达6.7%。
But most companies pay a dividend yield way below what you'd get from the bond market, and many pay no dividend at all.
但多数公司的分红回报比你从债券市场得到的要低,还有很多根本就不分红。
In October America even managed to issue an inflation-linked bond with a negative real yield.
在十月,美国甚至成功发售一实际利率为负的通胀挂钩债券。
The yield on the 10-year bond has risen by 38 basis points during the past three days alone and is now up to 3.26%.
仅仅在过去的3天里,10年期债券的收益率提高了38个基点,现在达到3.26%。
The latest bond had a five-year maturity and a yield of 0.5%.
最新发行的是五年期0.5%收益率的债券。
The 10-year Irish bond yield pared a two-day surge of more than 1 percentage point, and the spread over German debt of similar maturity fell from yesterday's record.
爱尔兰10年期国债收益率回吐了两天来超过1%的涨幅,引发德国10年期国债收益率昨天创下新低。
Bond prices were mixed. The yield on the benchmark 10-year Treasury note was unchanged at 3.80 percent from late Monday.
债券价格涨跌互现,基准10年期财政票据收益率仍维持在3.8%,和周一持平。
One year ago we predicted that US long bond rates would rise. This is exactly what happened and the 30 year Treasury Bond yield went from 2.5% to 4.6% during the year.
一年前我们预测美国长期债券利率会上升,在过去的一年里30年期国债的确从2.5%上升到4.6%。
Take a bond with a 2% real yield maturing in ten years’ time; the bond will pay an initial $20 on a face value of $1, 000.
购买一份真实收益率为2%的10年期债券,当面值为1000美元时,债券最初付息是20美元。
The coupon on Greece’s new ten-year bond is 6%, double the yield on a comparable Bund.
希腊新的10年期国债的票息是6%,是可比国债收益的1倍。
The 10-year bond yield has fallen from 2.65% to 2.53%. At the same time, expected inflation, as measured by the inflation-indexed bond market, has risen steadily.
10年期的债券收益率从2.65%跌至2.53%,几乎同时,预期的通胀率也已稳步走高(预期的通胀率的测量是通过通胀指数证券市场获得)。
In Europe, there were no high-yield (meaning risky) bond issues in the whole of 2008.
在欧洲,2008年整整一年内没有任何“高产出”(即风险)债券发行。
Meanwhile, accounting standards have forced company pension schemes to discount their liabilities using a corporate-bond yield.
同时,会计准则驱使公司退休金计划使用公司债券收益率来降低负债。
After all, the Treasury-bond yield is the risk-free rate, off which other assets are priced.
毕竟,国债利率是无风险利率,其他的资产的定价都扣除了这个因素。
Then again, since central Banks are such big players in government-bond markets these days, is the yield a true "market price"?
自央行在国债市场中扮演如此重要角色以来,这样的收益率还是真实的“市场价格”吗?
Some argue that pensioners have even greater rights than bondholders and that points to using a "risk-free" rate like the Treasury-bond yield.
还有些人主张,退休金领取者比债权人的权利还要大,因此应该采用国库债券收益率那样的零风险利率。
Some argue that pensioners have even greater rights than bondholders and that points to using a "risk-free" rate like the Treasury-bond yield.
还有些人主张,退休金领取者比债权人的权利还要大,因此应该采用国库债券收益率那样的零风险利率。
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