The first is market type returns with a risk premium.

第一种是市场常见的收益类型，带有风险溢价性质。

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If the credit crunch persists, the risk premium on emerging market debt is likely to rise.

如果信贷紧缩持续下去，新兴市场债券的风险溢价就可能上升。

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A higher risk premium for the equity market has already been priced in.

股市已将更高的风险溢价计入股价中。

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In that case, the double dip fear could continue hanging over the market, preventing the reduction in risk premium assumed in our non-recession scenario.

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The semiconductor and equipment industry normally trades at a premium to the market, when measured in terms of the relative valuation of risk-adjusted EVA performance.

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If the cash-market yield is also rising, it demonstrates that the market is placing a higher premium for that particular risk.

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