理论上讲,当美联储买进证券时,证券价格会被推高,收益率会被拉低。
When it buys securities, in theory, that should drive up the price and drive down the yield.
而对于流动性差的证券,行政管理人要获取并验证这些证券价格的成本可能非常高。
And for illiquid securities, it can get very expensive for an administrator to go out and verify those prices.
这些不对称很难与有效市场假说相符——根据该假说,证券价格应准确反映出所有已知信息。
These asymmetries are difficult to reconcile with the efficient market hypothesis, the notion that securities prices accurately reflect all known information.
它们的数学模型依赖于过去的交易规律,在其它证券价格变化(例如下跌)时,预测某种证券未来的表现。
Their mathematical models rely on past trading patterns to predict how particular securities will perform in the future if other securities, say, fall in price.
正当全球投资者担心近期股票的反弹速度已经超出经济增长势头时,本周一,华尔街股市随着全球证券价格一起下跌。
Wall Street plunged on Monday amid global sell-off, as investors around the world feared the recent rally of equities had outpaced the prospects for economic growth.
这种凯恩斯所谓的流动性偏好控制金融证券的价格进而控制利率。
This liquidity-preference, as Keynes called it, governed the price of financial securities and hence the rate of interest.
如果基金抛售了价格上升的证券,则基金得到了资本增益。
If the fund sells securities that have increased in price, the fund has a capital gain.
举个例子,银行将不得不按照雷曼被清算时得到的价格为他们的证券标价。
So, for example, banks will have to mark their securities to the prices Lehman receives as it is liquidated.
通过数据显示,短期内市场利率上涨了将近2%,同时上海证券交易所的股票价格却下跌了3%。
Following the data release, short term market interest rates shot up almost 2%, while share prices on the Shanghai stock exchange fell 3%.
但是信贷机构争辩说他们的评级只能衡量违约率的可能性,而并不对个别的证券提出买进的建议,也不能预测市场价格。
But the agencies argue that their ratings are designed to measure the probability of default, not to recommend the purchase of individual securities or to predict market prices.
太平洋波浪证券(Pacific Crest Securities)分析师BrentBracelin表示:个人电脑的价格已经连年下跌,但上网本的推出使跌幅加剧。
Pacific Crest Securities analyst Brent Bracelin noted PC prices have fallen for years, but the decline accelerated with the introduction of no-frills netbooks.
随着这些机构无法继续承担负担,它们不得不把抵押贷款相关证券在一个流动性不佳的市场上卖掉,进而使本已经低迷的价格进一步下跌。
As the entities couldn't bear the burden for long, they had to sell mortgage-linked securities into a hostile, illiquid market, pushing down already depressed prices.
由于抵押贷款证券所有者和相关人士重新以甩卖价格估计资产,所以他们资本正在减少—这会导致更多的甩卖和更多的减记。
As holders of mortgage-backed securities and the like revalue their assets at fire-sale prices, they are running short of capital-which can lead to further sales and more write-downs.
实际情况是,上市证券的持有人情况会更好一些,尽管其价格比较低。
In reality the owners were better off with the listed securities, despite the low prices of these.
如果是一支股票(或者其他证券,如债券),你可以从别处融券(借股票),并同意在未来某个指定日期、以某个指定价格卖给某人。
If it is a stock (or other security, including a bond), you can borrow it and agree to sell the stock to someone at some specified date in the future at a specified price.
如果基金仍然持有价格上升的证券,但基金经理没有抛售它们,则整个基金的净值会增加。
If fund holdings increase in price but are not sold by the fund manager, the fund's shares increase in price.
里昂证券公司的经纪人安迪·罗斯曼说,一些商人控制了农产品供应,就是希望抬高价格。
According to Andy Rothman of CLSA, a broker, some traders are taking possession of agricultural commodities in the hopes that prices will rise.
风险资产——证券、信贷和大宗商品的价格修正似乎会因此而不可避免,而且这一现象在七月份已经部分发生了。
A correction of the prices of risky assets — equities, credit and commodity prices — therefore seems inevitable and has already partially started in July.
最近证券、大宗商品和其他风险性资产价格的上涨就是明显被流动性所驱动的。
Some recent rises in the prices of equities, commodities, and other risky assets is clearly liquidity-driven.
在递交美国证券交易委员会的声明中,通用没有明示待发行股票的具体数量和价格区间。
In a statement filed with the Securities and Exchange Commission, GM did not specify the number of shares or the price range it will be offering. See article.
投机者,相比之下,购买和出售证券取决于他们是否认为这些证券的价格将上升或下降。
Speculators, by contrast, buy and sell securities based on whether they believe those securities will next rise or fall in price.
该行的研究报告表明,他们购买国债提高了国债的价格,以及那些与国债竞争的其它证券的价格。
The Bank's research shows that its purchases of gilts raised their price, as well as that of other securities that compete with government paper.
来自美林证券的塞宾舍尔斯说,现在天然气价格相对较低,煤炭价格逐步上扬,这种转型肯定是会进行的。
At the moment, though, with gas prices comparatively low and coal prices creeping up, any such switching is going to be done anyway, according to Sabine Schels of Bank of America Merrill Lynch.
来自美林证券的塞宾舍尔斯说,现在天然气价格相对较低,煤炭价格逐步上扬,这种转型肯定是会进行的。
At the moment, though, with gas prices comparatively low and coal prices creeping up, any such switching is going to be done anyway, according to Sabine Schels of Bank of America Merrill Lynch.
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