对于那些可以还你钱的公司,他们的债券交易低于票面价值交易,很可能是因为他们的票息很低。
For companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.
既有成功的票息剪券投资者,也有成功的债券经销商,他们倾向于从其他阶层不成功的人们身上赚钱。
There are successful coupon clippers and successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.
我的意思是,假设一种债券以0.60美元进行交易,同时有8%的票息,五年期债券收益率在18%左右。
I mean, hypothetically a bond trading $0.60 on the dollar with an 8% coupon, a five-year bond that's yielding about 18%.
所以,这被称为票息剪券。
票息是以年为单位计算的,每六个月获得一半
The coupon is expressed as an annual amount; you get half of it every six months.
我们能够回收一些东西,同时,我们得到8%的票息。
We'll recover something and, in the meantime, we get this 8% coupon that we get to clip.
希腊新的10年期国债的票息是6%,是可比国债收益的1倍。
The coupon on Greece’s new ten-year bond is 6%, double the yield on a comparable Bund.
最后一点是,一种叫物价指数债券的债券,这种债券的票息被通胀指数化了。
Finally, I just want to say that we have also a kind of bond called an indexed bond, which is a bond whose coupons are indexed to inflation.
所以,我们仍然称当期债券利息为“票息”,只不过现在我们不这样做了,现在电子化了。
So, we still call them coupons, but now we don't do it — we do things electronically.
供其选择的有四种不同类型的债券,其票息和保险种类互不相同,其中有些由三a级债券做抵押。
The offer includes a menu of four different flavors of bonds with varying coupons and types of insurance-some would be backed by triple-A-rated collateral.
供其选择的有四种不同类型的债券,其票息和保险种类互不相同,其中有些由三a级债券做抵押。
The offer includes a menu of four different flavors of bonds with varying coupons and types of insurance? Some would be backed by triple-A-rated collateral.
缺乏明显的资本增值前景,投资者需要相信,通过8%的票息,他们的本金依旧可以得到补偿。
Without the prospect of significant capital appreciation the investor needs to be confident that as well as his 8% coupon he will get his principal re-paid.
所以,如果一只债券在利率很低的时候发行,在汇率为6%的的时候,它们可能有一个4%的票息。
So, if a bond was issued when interest rates were lower, they might have a 4% coupon when the prevailing rate is 6%.
因此,公司也许可以支付你,但是它们的债券只能以低于票面价值交易,很可能是因为他们的票息很低。
So, for companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.
既有成功的票息剪券投资者,也有成功的债券经销商,他们希望从其他阶层,不太成功的投资者身上赚钱。
There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.
象牙海岸的外债已经违约;时它23亿美元的欧洲债券的2900万票息也不得不违约,这些债券已重组过两次。
The country has defaulted on its external debt and had to renege on a $29m interest coupon of its eurobond of $2.3 billion, which had already been restructured twice.
例如,无论你是制作者或是使用者,要是你知道一个零票息债券10年内到期,你会如何利用隐含利率去计算出每期间的利息支出呢?
For example, as a preparer or user, knowing that a zero-coupon bond matures in 10 years, how do you use the implicit interest rate to compute the periodic interest expense?
例如,无论你是制作者或是使用者,要是你知道一个零票息债券10年内到期,你会如何利用隐含利率去计算出每期间的利息支出呢?
For example, as a preparer or user, knowing that a zero-coupon bond matures in 10 years, how do you use the implicit interest rate to compute the periodic interest expense?
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