在债券估值方面,有几个因素在起作用。例如,发行公司的信用评级可以影响债券的市场价格。发行实体的信用评级越高,投资风险越小,债券的价值也越高。可能影响债券市场价格的其他因素包括到期日或到期前的剩余时间。最后,也许与期限利差相关的最重要因素是票面利率,特别是与当时的一般利率环境相比。鉴于固定利率息票债券将支付相同的面值百分比,债券的市场价格将随着时间的推移而变化,具体取决于当前的利率环境以及优惠券与可能带来更高的新旧债券的比较或更低的优惠券。例如,如果利率下降且新债券的优惠券反映了较低的利率环境,那么在高利率环境下发行的具有高息票的债券将在市场上变得更有价值。这是术语点差作为比较手段的地方。

新西兰梅西大学金融Essay代写:债券估值

In terms of bond valuation, several factors are at work. For example, the issuing company’s credit rating can affect the market price of the bond. The higher the credit rating of the issuing entity, the lower the investment risk and the higher the value of the bond. Other factors that may affect the bond market price include the maturity date or the time remaining before expiration. Finally, perhaps the most important factor associated with the term spread is the coupon rate, especially compared to the general interest rate environment at the time. Given that fixed-rate coupon bonds will pay the same percentage of face value, the market price of the bond will change over time, depending on the current interest rate environment and the comparison or lower of the coupon with new and old bonds that may result in higher Coupon. For example, if interest rates fall and new bond coupons reflect a lower interest rate environment, bonds with high coupons issued in a high interest rate environment will become more valuable in the market. This is where the term spread is used as a means of comparison.

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