The bonds are auctioned off on regular dates and you cannot participate in the auction; I assume you can't.

这些债券在规定期限内拍卖,你们不能参与这些拍卖,我想你们是不行的

耶鲁公开课 - 金融市场课程节选

Now, they also have longer maturity, called Treasury strips, but let me move to the other.

现在,贴现债券也会有更长的期限,那些叫作国库债券条子,这个概念我们先不管

耶鲁公开课 - 金融市场课程节选

The Fed has these auctions but it auctions them off at what price the public will pay, so the Fed doesn't determine the term structure.

联储局公开拍卖债券,但只有当公众愿意以特定价格支付时,这些债券才能成交,所以联储局不能决定期限结构

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

They also have government-issued notes and that's from one to ten years and bonds this is just jargon- these are ten or more, well actually more than ten.

中期债券期限通常是,一年至十年,这些都是行话,长期债券期限,在十年以上

耶鲁公开课 - 金融市场课程节选

Remember, this thing only runs for sixty days and you could compute your sixty-day return, but people like to compare annual returns-- once again, a tradition we have.

注意,这个债券期限只有60天,当然你可以计算60天的收益率,但是人们往往喜欢用年收益率进行比较,这也是一种传统

耶鲁公开课 - 金融市场课程节选

We've identified the prices and yields of bonds of various maturities.

我们找出了各种不同期限债券的价格和收益

耶鲁公开课 - 金融市场课程节选

I have stocks, bonds, and oil but I want also to add one more final asset, we'll call it the riskless asset, long-term bonds are somewhat uncertain and variable because they're long-term.

有股票，债券和石油,我还想再增加最后一种资产，我们称之为无风险资产，由于长期债券持有期限很长,存在一定不确定性及风险。

耶鲁公开课 - 金融市场课程节选