As you put a dollar in treasury bills, you end up with a nineteen multiple; that sounds pretty good.

比如你用一美元买了短期国库券,最终你的投资会翻19倍,听上去很不错吧

耶鲁公开课 - 金融市场课程节选

So we have--U.S. Government issues bills and that's less than or equal to one year and they pay no interest.

美国政府发行的短期国库券,期限通常小于或等于一年,且不付息

耶鲁公开课 - 金融市场课程节选

Treasury bills in the United States are limited to one year out; well, that's the name of it.

美国短期国库券最长为一年,这也是它名字的由来

耶鲁公开课 - 金融市场课程节选

I think we pretty much explained there's another thing i want to say about Treasury bills.

我认为已经解释清楚了,下一个关于短期国库券的要点

耶鲁公开课 - 金融市场课程节选

Well, you can go to Treasury Direct as an individual and buy a Treasury bill, but it may not be the best place to buy.

可以用个人身份,在"国库指南"上购买短期国库券,但是那里并不是最好的选择

耶鲁公开课 - 金融市场课程节选

Now, these are different from bills, as I emphasized, because they pay interest.

他们不同于短期国库券之处,是要支付利息

耶鲁公开课 - 金融市场课程节选

What if you want to buy a Treasury bill on some other day?

如果想在其他时间购买短期国库券呢

耶鲁公开课 - 金融市场课程节选

Either in treasury bonds or treasury bills.

购买长期国库券还是短期国库券呢

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

You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

耶鲁公开课 - 金融市场课程节选