Yield to Maturity (YTM)
“Yield to Maturity” (YTM) 是一个重要的金融术语,通常用于债券投资领域。它代表了如果债券持有到到期日,投资者可以获得的年化收益率。YTM 是一个综合性的指标,它考虑了债券的当前市场价格、面值、票息及到期时间等因素。
词性和含义
Yield to Maturity 作为一个名词短语,通常没有形容词形式。它的主要含义是用于投资决策的一个关键指标。
词语辨析
YTM 的近义词包括“内部收益率”(Internal Rate of Return)和“到期收益率”(Yield at Maturity)。它们都用于评估投资的回报。
近义词
- Internal Rate of Return (IRR) - 内部收益率
- Yield at Maturity - 到期收益率
反义词
- Cost of Capital - 资本成本
柯林斯词典
根据柯林斯词典,Yield to Maturity 是指在债券到期时,投资者可以获得的收益率,考虑到所有现金流的现值。
牛津词典
牛津词典定义 YTM 为“在债券的整个生命周期中,投资者所获得的预期收益的年化率。”
用法
Yield to Maturity 通常用于评估不同债券的投资价值,帮助投资者作出明智的决策。
例句
The yield to maturity of this bond is higher than its coupon rate.
这只债券的到期收益率高于其票息率。
Investors often compare the yield to maturity of different bonds before making a decision.
投资者在做决定之前,通常会比较不同债券的到期收益率。
A higher yield to maturity indicates a potentially better investment.
更高的到期收益率表明可能是更好的投资。
Calculating the yield to maturity requires knowing the bond's current price.
计算到期收益率需要知道债券的当前价格。
The yield to maturity can help assess the risk of a bond.
到期收益率有助于评估债券的风险。
Many factors influence the yield to maturity, including market conditions.
许多因素影响到期收益率,包括市场状况。
Understanding yield to maturity is crucial for bond investors.
了解到期收益率对债券投资者至关重要。
The yield to maturity is often expressed as an annual percentage rate.
到期收益率通常以年百分比率表示。
Financial analysts use yield to maturity to compare the profitability of bonds.
金融分析师使用到期收益率来比较债券的盈利能力。
Investors should consider the yield to maturity when evaluating bond portfolios.
投资者在评估债券投资组合时应考虑到期收益率。
The yield to maturity is a key factor in determining a bond's price.
到期收益率是决定债券价格的一个关键因素。
When interest rates rise, the yield to maturity on existing bonds may fall.
当利率上升时,现有债券的到期收益率可能会下降。
The formula for calculating yield to maturity can be complex.
计算到期收益率的公式可能很复杂。
Many investors look for bonds with a high yield to maturity.
许多投资者寻找具有高到期收益率的债券。
The yield to maturity reflects the total return an investor can expect.
到期收益率反映了投资者可以预期的总回报。
Understanding the yield to maturity helps in making informed investment choices.
理解到期收益率有助于做出明智的投资选择。
Investors should calculate the yield to maturity before buying a bond.
投资者在购买债券之前应计算到期收益率。
The yield to maturity is important for assessing long-term investment strategies.
到期收益率对评估长期投资策略非常重要。
Higher risk bonds usually offer a higher yield to maturity.
风险较高的债券通常提供更高的到期收益率。