预期同样会影响收益曲线的形状。
那么,我们将会由目前的收益曲线看到什么?
收益曲线反转(短期利率高于长期利率)的时候很少出现。
Periods when the yield curve is inverted (short rates are above long ones) are less common.
“一般情况下,投资收益曲线越陡峭越好,”哥德伯格说。
“Generally, the steeper the curve, the better,” Goldberg said.
“一般情况下,投资收益曲线越陡峭越好,”哥德·伯格说。
"Generally, the steeper the curve, the better," Goldberg said.
下图表明了收益曲线的斜率与利润周期之间的关系。
The following chart shows the relationship between the slope of the yield curve and the profits cycle.
事实上,这些经济体的收益曲线的斜率已经开始增大。
Indeed, the yield curve is already steepening in these countries.
画出垄断者的需求曲线、边际收益曲线和边际成本曲线。
Draw the demand, marginal-revenue, and marginal-cost curves for a monopolist.
此外,通胀不确定性的增大意味着,收益曲线的时间价差将会随之增大。
And rising inflation uncertainty means that the yield curve still seems likely to steepen bearishly.
当然预期也可以对收益曲线造成完全相反的影响,使其比典型情况更陡峭。
Expectations can also influence the yield curve in the opposite direction, making it steeper than is typical.
但是这家公司显然会成功:他们的网站流量和收益曲线看上去就像是正在起飞的飞机一样。
And yet this startup is obviously going to succeed: their traffic and revenue graphs look like a jet taking off.
尤其当收益曲线趋于陡直,初级产品泡沫就可能破裂,股市下跌可能最后发生。
In particular, as the yield curve steepens, the commodity bubble can burst. The stock market will probably come down last.
因为银行的存款是短期的,而贷款是长期的,收益曲线越陡峭,他们的利润越高。
Since Banks borrow short and lend long, their margins are higher when the curve is steep.
2007-2008年的利率下降使得收益曲线变得更为陡峭,这为银行带来了巨额利润。
Rate cuts in 2007-08 greatly steepened the yield curve, handing banks a huge boost in profits.
但是,美联储已经开始提高短期利率,使收益曲线变得扁平,收益曲线即长短期利率之间的利差。
But the Federal Reserve had already started raising short-term interest rates, flattening the yield curve, the difference between short and long rates.
同时分析了质量成本与收益的关系,并借助质量成本与收益曲线确定质量成本的最佳投入。
The writer also show the analyses of relation between quality cost and benefit, and give out the optimum cost by the functional curve between the quality cost and benefit.
商业银行所面临着四种主要的利率风险:重新定价风险、基本点风险、选择权风险、收益曲线风险。
The commercial Banks face four kinds of main interest: Fix the price risk, basic point risk, option risk, yield curve risk.
从历史上看,关注收益曲线(yield curve)(长期利率与短期利率的关系)可以非常有效预示经济走向。
Focusing on the yield curve (the relationship between short - and long-term interest rates) has historically been quite a good economic indicator.
在第二种情况下,可能发生相反如果经济流动性匮乏:收益曲线与短期利率的移动方式相比,作为长期利率的反转。
In the second instance, the reverse can happen if the economy is starved of liquidity: the yield curve inverts with short-run interest rates moving way up as compared to long-term interest rates.
据一个债券研究公司——信用之光——的StevenZausner说,收益曲线与它过去二十年中的任何时候一样陡直。
According to Steven Zausner of CreditSights, a research firm, the curve is as steep as it has been at any time over the past 20 years.
哥德伯格称银行因为走资收益曲线下滑日子变得拮据,这种情况在短期利率与长期债务之间画出了迥异的图表,银行已是筋疲力尽了。
Goldberg said Banks are getting squeezed as the yield curve, which charts the difference between rates on short - and long-term debt, flattens out.
文章通过分析专利的期限收益曲线、专利维持模型,首次提出国内企业和国外企业的专利成本的不同,并对此现象进行了解释。
This paper analyses the revenue curve of patent duration and the model of maintaining patent, and then for the first time, explains the difference of patent costs between at home and abroad.
规则在很大程度上依旧无效(事实上,金融产业已经使“监管”一词妖魔化)大银行由于规模太大而不能破产,低利率贯穿整个收益曲线。
Regulation remains largely ineffective (in fact, the industry has managed to demonize the word), the big Banks are too important to fail, and interest rates are low across the yield curve.
“一般情况下,投资收益曲线越陡峭越好,”哥德·伯格说。“历史标准看,有过这么陡峭的,但是没有像今年这样,这么容易就很陡峭的。”
"Generally, the steeper the curve, the better," Goldberg said. "it's steep by historical standards, but it's not as steep as it was earlier this year."
各种低短期利率和大幅上升的收益曲线,都对推动杠杆作用、出售交易和通过从事各种各样的信贷风险去寻求收益提供了强大的刺激作用。
Low short-term interest rates and a steep yield curve provide powerful incentives to boost leverage, undertake carry trades, and seek yield by going out along the credit risk spectrum.
各种低短期利率和大幅上升的收益曲线,都对推动杠杆作用、出售交易和通过从事各种各样的信贷风险去寻求收益提供了强大的刺激作用。
Low short-term interest rates and a steep yield curve provide powerful incentives to boost leverage, undertake carry trades, and seek yield by going out along the credit risk spectrum.
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