债券价格与收益率 Bond prices and yields 价格与望期收益率具有反向相关关系 Prices and Yields (required rates of return) have an inverse relationship 在期望收益率接近0时,债券的价值正好等于它的所有 现金流的和。 When yields approach zero, the value of the bond approaches the sum of the cash flows 当期望收益率走高时,债券的价值将会降低。 When yields get very high the value of the bond will be very loW 14-1014-10 价格与望期收益率具有反向相关关系。 Prices and Yields (required rates of return) have an inverse relationship 在期望收益率接近0时，债券的价值正好等于它的所有 现金流的和。 When yields approach zero, the value of the bond approaches the sum of the cash flows. 当期望收益率走高时，债券的价值将会降低。 When yields get very high the value of the bond will be very low. 债券价格与收益率 Bond Prices and Yields