It's the most simple-- or often called a bill-- a discount bond does not pay interest; it's sold at a discount.

它是最简单的,经常被称为国库券,它是一种贴现债券,且不付息,并以折扣价发行

耶鲁公开课 - 金融市场课程节选

Well, the discount rate is sort of the--you notice there are two different interest rates here and you might be confused by them.

贴现率是一种,这里有两种不同的利率,你们可能会将其混淆

耶鲁公开课 - 金融市场课程节选

So you buy it at a discount and the return you get is of course a hundred minus--the return you get is the discount.

所以以折价买入,并且回报等于,100减去,回报等于折扣差价

耶鲁公开课 - 金融市场课程节选

We're talking about discount bonds, and then coupon-carrying bonds, and then talk about the term structure of interest rates and why we have interest rates.

我们先讲贴现债券,然后是附息债券,再讲讲利率的期限结构,以及为什么要有利率

耶鲁公开课 - 金融市场课程节选

The discount rate is now only 2.5% twenty-five basis points higher; it's at 2.5%.

贴现率现在只高了,二十五个基本点；是。

耶鲁公开课 - 金融市场课程节选

It equals 2.51--that's the discount rate that you see up there-- well, /360.

等于2.51,就是上面显示的折扣率,/360

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The boy would go say, we're offering to pay a discount rate of 2.51-- that was the formula and then anyone could do these calculations; they knew what it meant.

小男孩跑去说,我们愿意以2.51%的折扣率买入,公式就是那样用的,每个人都能算出价格,他们知道是什么意思

耶鲁公开课 - 金融市场课程节选

So, the bid price is the--they don't do it in terms of price, they do it in terms of discount so the bid discount rate- there would be two numbers for each.

出价,往往不以报价的形式出现,而是以折扣率,出价的折扣率,有两个相关的数字

耶鲁公开课 - 金融市场课程节选

We call an instrument of the U.S. Treasury with a maturity less than or equal to one year--we call that a bill and they used to be the only discount bonds issued by the U.S. Government.

我们把期限小于或等于一年的,国库券品种称为短期国库券,它们曾是美国政府,唯一发行的贴现债券

耶鲁公开课 - 金融市场课程节选