Because the two-year rate is--you've got the one- year rate and the two year rate, so between the two, what's left?
如果你知道一年即期和,两年即期利率,那么两者之间是什么
I've got two, I've got a year and a half left to sort of figure out exactly what I want to do.
我有两年,一年半的时间去思考我究竟想要怎么做。
If you knew you had a year left or two years left, ? what would you do with that time?
如果你知道自己还剩一年或者两年,这段时间你会怎么利用?
It's great idea with a lot of hard work and then you work at it for year, two years, three years, four years, five years, six years, seven years, eight, nine, 10.
勤奋的工作,一年两年,三年,有或者更多,甚至10年,是很好的想法。
For example, I may have someone who promises to pay me $1 in one year or in two years or three years.
举个例子,有人对我承诺,在一年或者两年或者三年内支付我一美元
then I lived in Switzerland for a year, then I lived in Italy for two years,
然后我在瑞士生活了一年,我还在意大利住了两年,
The idea of a forward rate is that, implicit in that term structure is also a quote for the one-year rate, one year hence, because if you look at the two-year rate, can't you infer back what interest rates are going to be in one year?
远期利率隐含在期限结构中的,一年期利率报价,起息日是第二年初,因为如果你知道了两年即期利率,就可以很自然地推出一年即期利率
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