off-the-run issues

简明释义

未挂牌证券

英英释义

例句

1.The liquidity of off-the-run issues 非在售债券 can be lower, making them riskier for some investors.

由于流动性较低，非在售债券对某些投资者来说可能风险更高。

2.Traders often look for price discrepancies between off-the-run issues 非在售债券 and newer bonds.

交易员通常寻找非在售债券与新发行债券之间的价格差异。

3.Institutional investors may prefer off-the-run issues 非在售债券 for their portfolio diversification.

机构投资者可能更喜欢将非在售债券纳入其投资组合以实现多样化。

4.You can often find value in off-the-run issues 非在售债券 during market downturns.

在市场下行期间，你通常可以在非在售债券中找到价值。

5.Investors often seek higher yields in off-the-run issues 非在售债券 compared to their on-the-run counterparts.

投资者通常在非在售债券中寻求比其在售债券更高的收益率。

作文

In the world of finance, understanding various terms and concepts is crucial for making informed decisions. One such term that often arises in discussions about bonds and securities is off-the-run issues. These refer to bonds that are not the most recently issued in a particular class or series. In contrast to on-the-run issues, which are the latest and typically more liquid bonds, off-the-run issues tend to be older and may offer higher yields due to their reduced liquidity. This distinction is important for investors who are looking to optimize their portfolios and manage risk effectively.Investors often seek off-the-run issues because they can provide opportunities for greater returns. Since these bonds are less sought after than their on-the-run counterparts, they may be available at a discount. This can be particularly appealing to those who have the expertise to analyze the underlying credit quality and market conditions. For instance, during times of economic uncertainty, off-the-run issues may become more attractive as investors look for value in a fluctuating market.Understanding the pricing dynamics of off-the-run issues is also essential. These bonds may trade at wider spreads compared to on-the-run issues, reflecting their lower demand and liquidity. Investors must be prepared to hold these bonds for longer periods, as selling them may require accepting a lower price. However, for those willing to take on this risk, the potential for higher yield can be a compelling reason to include off-the-run issues in their investment strategy.Moreover, the analysis of off-the-run issues requires a different approach than that of on-the-run issues. Investors need to conduct thorough due diligence, examining factors such as the issuer's creditworthiness, the bond's maturity date, and prevailing interest rates. By doing so, they can make educated decisions that align with their financial goals.In conclusion, off-the-run issues play a significant role in the fixed-income market. They offer unique opportunities for investors who are willing to navigate the complexities associated with them. By understanding the characteristics and risks of off-the-run issues, investors can enhance their portfolios and potentially achieve better returns. As with any investment, it is vital to stay informed and consider all factors before diving into the world of bonds, especially those that fall outside the mainstream spotlight. With careful analysis and strategic planning, off-the-run issues can be a valuable addition to an investor's toolkit, providing both diversification and potential income in an ever-changing financial landscape.

在金融世界中，理解各种术语和概念对于做出明智的决策至关重要。一个经常在关于债券和证券的讨论中出现的术语是off-the-run issues。这指的是在特定类别或系列中不是最新发行的债券。与最新发行且通常流动性更强的在跑债券（on-the-run issues）相比，off-the-run issues往往较旧，并且由于流动性降低，可能提供更高的收益。这一区别对那些希望优化投资组合和有效管理风险的投资者来说非常重要。投资者通常会寻找off-the-run issues，因为它们可以提供更高回报的机会。由于这些债券不如其在跑同类债券那样受欢迎，它们可能以折扣价出售。这对那些有能力分析基础信用质量和市场状况的投资者尤其具有吸引力。例如，在经济不确定时期，off-the-run issues可能变得更具吸引力，因为投资者在波动的市场中寻找价值。理解off-the-run issues的定价动态也至关重要。这些债券的交易价差可能比在跑债券更宽，反映出其需求和流动性较低。投资者必须准备好持有这些债券更长时间，因为出售它们可能需要接受较低的价格。然而，对于愿意承担这种风险的投资者来说，潜在的更高收益可能是将off-the-run issues纳入投资策略的一个令人信服的理由。此外，分析off-the-run issues需要不同于分析在跑债券的方法。投资者需要进行彻底的尽职调查，检查发行者的信用状况、债券的到期日以及当前利率等因素。通过这样做，他们可以做出与自身财务目标相一致的明智决策。总之，off-the-run issues在固定收益市场中扮演着重要角色。它们为愿意应对与之相关复杂性的投资者提供了独特的机会。通过理解off-the-run issues的特征和风险，投资者可以增强他们的投资组合，并可能实现更好的回报。与任何投资一样，在深入债券世界之前，保持信息灵通并考虑所有因素至关重要，特别是那些处于主流聚光灯之外的债券。通过仔细分析和战略规划，off-the-run issues可以成为投资者工具箱中有价值的补充，在不断变化的金融环境中提供多样化和潜在的收入。