The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher present value for shares.
通常的理由是基于一个折现现金流量模型；较低的债券收益率意味着降低贴现率，从而提高股票的现值。
Meanwhile, accounting standards have forced company pension schemes to discount their liabilities using a corporate-bond yield.
同时，会计准则驱使公司退休金计划使用公司债券收益率来降低负债。
So one possible discount rate is the state's cost of borrowing, the yield on its municipal bonds.
这样折算率就是国家的借款成本，也就是市政债券的收益率。
The yield from selling securities on a discount.
以贴现方式出售的证券的收益率。
When the market yield is above its capped coupon rate, a floating-rate security will trade at a discount.
当市场利率高于利率上限时，浮动利率债券以折价进行交易。
Equivalent Yield The annualized yield-to-maturity on fixed-income security sold on a discount basis.
约当收益率折价发行的固定收益债券的到期收益率转换成的年度收益率。
Equivalent Yield The annualized yield-to-maturity on fixed-income security sold on a discount basis.
约当收益率折价发行的固定收益债券的到期收益率转换成的年度收益率。
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