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。

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A bond purchased at a discount will have the reverse affect on yield.

以折扣价购买了债券，将有反向影响产量。

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The Yield to maturity would be higher for a discount bond, based on the fact that you are still earning interest on par even if you paid under par.

折扣债券到期收益率将更高，根据事实，你仍然看齐赚取利息，即使你支付低于标准杆。

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To this end we invite Greece, private investors and all parties concerned to develop a voluntary bond exchange with a nominal discount of 50% on notional Greek debt held by private investors.

FORBES: First Thoughts on the Eurozone Summit

Say the rate on the Spanish bond was 5% and Corzine was able to purchase at a 10% discount to par (100) or 90% of face value.

FORBES: Jon Corzine: Criminal Or Just Plain Old-Fashioned Stupid?

As a callow bond-trader, fresh out of college, he participated in one of the greatest of them all, in Japan in 1986, when the yield on the ten-year benchmark Japanese government bond fell to 2.5%, the discount rate at the time.

ECONOMIST: Buttonwood