This is January of this year, before the Fed cut interest rates, and this is the term structure.

这是今年一月,联储局降息前的期限结构图

耶鲁公开课 - 金融市场课程节选

It was one of the final exams. Every year, every, after every term,

那是期末考试。每年，每次期末，

对于古怪教授 - SpeakingMax英语口语达人

It was really the government that made the switch from five-year mortgages to the long-term mortgages.

这实际上是政府主导的改革,从五年抵押贷款变成更长期限的抵押贷款

耶鲁公开课 - 金融市场课程节选

They cared terribly about the consequences to their clients in the long term from the securities they sold. That ethos, by the time the year 2006 came along, had pretty well disappeared.

他们对于卖出的证券对,客户的长期影响非常重视,而这种风气到了2006年的时候6,已经遗失殆尽了。

斯坦福公开课 - 经济学课程节选

And you'll find too because of J term this year or winter break where you guys can finally come back onto campus a bit early for various opportunities.

你还会发现由于今年的J学期或寒假,大家可以早点返回校园,这会带来各种机会。

哈佛公开课 - 计算机科学课程节选

You've already seen last year's mid-term and it's going to look a lot like that.

去年的题目已经发下去了,今年的题目也会差不多

耶鲁公开课 - 金融市场课程节选

Look how--this is as of earlier this year; the Federal Funds Rate was at around 4% and it has this huge drop in the term structure and then it starts the upward-sloping.

这是今年早些时候的图形,当时联邦利率徘徊在4%,但期限结构,在此处急转直下之后又开始掉头向上

耶鲁公开课 - 金融市场课程节选

Stocks have paid 4% more a year over this incredibly long time period than short-term bonds.

股票在相当长的一段时间里,每年都比短期债券投资收益率,高出4个百分点。

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选