What if the British government promised to pay 10% more each year, how would the market value that?

如果英国政府承诺,每年都支付高于10%的利息会怎么样呢,市场该如何定位它

耶鲁公开课 - 金融市场课程节选

People can't pay --they can't pay a high interest if they don't have it as a long-term loan.

如果银行不发放长期贷款,他们就不能够支付高额利息

耶鲁公开课 - 金融市场课程节选

If it turns out that they're money good, you get your interest and you get $1 for every $.85 that you invested in a few years.

如果市场证明它们确实是优良资产,那么几年后你就能获取利息,每85美分可以获利1美元利息

耶鲁公开课 - 金融市场课程节选

That's because, at the end, if- -suppose you're one month or two months away from the payoff of the mortgage, you don't have any balance left, so the interest that you're paying is -hardly any balance left--is very low and so you're payment is paying off principal, mostly.

这是因为,在最后,如果,假设你还剩1到2个月,就可以还清抵押贷款,那么剩下的贷款余额就很少了,因此你所需要付的利息,将会非常少,因为贷款余额几乎为零,此时你偿还的就主要是本金

耶鲁公开课 - 金融市场课程节选