我们找出了各种不同期限债券的价格和收益
We've identified the prices and yields of bonds of various maturities.
收益率在6%以上的中级期限债券仍会十分常见并且前景乐观。
Yields of 6% + for intermediate maturities are still common and readily available.
Hall和Sargent的计算显示,几乎所有的通胀税都由那些持有5年或更长到期期限债券的人承担。
The Hall-Sargent calculations show that almost all of this inflation tax was borne by those who held bonds with a maturity of five years or more.
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
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
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
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