Tuesday, June 7, 2011

Par yield

Spot rate:

spot rate是零息债券的到期收益率,强调债券中间没有现金流量,远期利率是现在决定的,但是开始时间是未来的利率,理解为现在决定的,但是借贷在未来的利率。

the relation between maturity and Treasury spot rates is called the Term Structure of Interest Rates.
Current Yield
Coupon Rate
Accrued Interest
Yield to Maturity(YTM)
Present Value

No comments:

Post a Comment