收益率

Return: Yield of Certificate Treasury is fixed, i.e. coupon rate: Long-term holding of book-entry bond means stable return but varies according to interest rate if they are traded. Those who trade sharp can get additional earnings.

收益水平：凭证式收益率固定，即票面利率；记账式国债长期持有则收益固定，若进行买卖则可随利率变动而变动，预期判断准确者可获得额外收益。

Interest Payment: Interest on book-entry bond is paid annually; real yield is higher than coupon rate. Certificate Treasury has principal and interest repaid based on coupon rate at maturity.

付息方式：记账式每年付息一次，如果滚动投资，实际收益率比票面利率高；凭证式到期按照票面利率还本付息。

Second, traditional term structure models of interest rate focus on what the yield curves shape is and how it forms.

第二，传统的利率期限结构模型主要集中于研究收益率曲线的形状及其形成的原因。

He identifies rising government bond supply and the end of central bank buy-back programmes which have kept government bond yields lower as the key reason for reducing exposure to the US and UK.

他指出，政府债券供应量持续增加，以及央行回购计划（这使政府债券收益率维持在较低水平）的终结，是该公司收缩在美国和英国的投资敞口的主要原因。

Whilst this is a negative as it implies greater bond supply, we believe that the over riding weak economic growth picture as well as the need to keep official interest rates low will be the key driver of bonds and that until growth recovers bond yields are unlikely to rise.

虽然有提高债券供应量的可能，但我们相信经济增长疲弱的背景以及维持较低官方利率的需要将会成为债券价格的主要驱动力。并且，在增长恢复之前，债券收益率不太可能上升。

He identifies rising government bond supply and the end of central bank buy-back programmes ndash; which have kept government bond yields lower ndash; as the key reason for reducing exposure to the US and UK.

他指出，政府债券供应量持续增加，以及央行回购计划（这使政府债券收益率维持在较低水平）的终结，是该公司收缩在美国和英国的投资敞口的主要原因。

Stock has an expected rate of return of 4%.

股有4％的预期收益率。

There have the long run nonlinear cointegration link between the stock return rate and the inflation rate in China.

2我国微观股票市场中股票收益率与通货膨胀率之间存在长期的非线性协整关系。

He said the downturn in the stock market, the insurance company fixed deposits and bond yields can make up for underwriting costs and expenses.

他说，在股市低迷，保险公司定期存款和债券收益率可以为承销费用和开支。

Balance sheet rebuilding will spread over the next several years, and regulators will seek to limit leverage, thereby reducing credit growth and ROEs for Corporate America, in our view.

财务状况的修复过程将持续若干年，监管机构将设法限制杠杆经营，这将抑制信贷增长和美国企业的净资产收益率。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。