junk bond

简明释义

立即债券

英英释义

例句

1.The risk of default is higher with junk bonds 垃圾债券 compared to investment-grade bonds.

与投资级债券相比，垃圾债券的违约风险更高。

2.Investing in a junk bond 垃圾债券 can yield high returns, but it also comes with significant risks.

投资于垃圾债券可能会带来高回报，但也伴随着重大风险。

3.The company issued junk bonds 垃圾债券 to raise funds for expansion.

该公司发行了垃圾债券以筹集扩展资金。

4.During economic downturns, junk bonds 垃圾债券 tend to perform poorly.

在经济衰退期间，垃圾债券往往表现不佳。

5.Many investors avoid junk bonds 垃圾债券 due to their low credit ratings.

由于信用评级低，许多投资者避免投资垃圾债券。

作文

In the world of finance, investment opportunities are abundant, but not all investments carry the same level of risk. One term that often arises in discussions about high-risk investments is junk bond. A junk bond refers to a type of bond that is rated below investment grade by credit rating agencies. This means that these bonds carry a higher risk of default compared to higher-rated bonds. Investors who purchase junk bonds are essentially betting on the financial recovery of the issuing company, which may be struggling or have a less-than-stellar credit history.The allure of junk bonds lies in their potential for high returns. Because they are considered riskier investments, they typically offer higher yields than safer bonds. For instance, while a government bond might yield 2% annually, a junk bond could yield 8% or more. This higher yield can be very tempting for investors looking to maximize their returns, especially in a low-interest-rate environment.However, investing in junk bonds is not without its pitfalls. The primary risk associated with these bonds is the possibility of default, which occurs when the issuing company fails to make interest payments or repay the principal amount upon maturity. If a company goes bankrupt, investors holding its junk bonds may lose a significant portion or even all of their investment. Therefore, thorough research and due diligence are essential before venturing into this territory.Another important aspect to consider is market conditions. The performance of junk bonds is often correlated with the overall health of the economy. During economic downturns, companies with lower credit ratings are more likely to face financial difficulties, leading to increased defaults. Conversely, in a booming economy, junk bonds may perform well as companies improve their profitability and creditworthiness.Investors should also pay attention to the diversification of their portfolio. Relying too heavily on junk bonds can expose an investor to significant risk. A balanced approach that includes a mix of asset classes—such as stocks, government bonds, and investment-grade corporate bonds—can help mitigate potential losses associated with junk bonds.In conclusion, junk bonds can be an intriguing option for investors seeking higher yields, but they come with a set of risks that must be carefully managed. Understanding what a junk bond is, the factors influencing its performance, and the importance of diversification can empower investors to make informed decisions. Ultimately, whether to invest in junk bonds will depend on an individual's risk tolerance, investment goals, and market outlook. As with any investment, knowledge and caution are key to navigating the complex landscape of finance successfully.

在金融世界中，投资机会丰富多样，但并非所有投资都具有相同的风险水平。在关于高风险投资的讨论中，一个常常出现的术语是垃圾债券。垃圾债券指的是一种评级低于投资级别的债券，由信用评级机构评定。这意味着这些债券相较于评级更高的债券，违约风险更高。购买垃圾债券的投资者实际上是在押注发行公司的财务复苏，这些公司可能正处于困境中或信用历史不佳。垃圾债券的吸引力在于其潜在的高回报。由于被视为风险更高的投资，它们通常提供比安全债券更高的收益。例如，政府债券的年收益率可能为2%，而垃圾债券的收益率可能超过8%。在低利率环境下，这种更高的收益率对希望最大化回报的投资者来说非常诱人。然而，投资垃圾债券并非没有陷阱。与这些债券相关的主要风险是违约的可能性，即发行公司未能按时支付利息或在到期时偿还本金。如果一家公司破产，持有其垃圾债券的投资者可能会损失大量甚至全部投资。因此，在进入这一领域之前，进行彻底的研究和尽职调查至关重要。另一个需要考虑的重要方面是市场条件。垃圾债券的表现通常与经济整体健康状况相关。在经济衰退期间，信用评级较低的公司更容易面临财务困难，从而导致违约增加。相反，在经济繁荣时期，随着公司盈利能力和信用等级的改善，垃圾债券可能表现良好。投资者还应关注投资组合的多样化。过度依赖垃圾债券可能使投资者面临重大风险。采用包括股票、政府债券和投资级企业债券等多种资产类别的平衡方法，可以帮助减轻与垃圾债券相关的潜在损失。总之，垃圾债券对于寻求更高收益的投资者来说可以是一个有趣的选择，但它们伴随着必须谨慎管理的一系列风险。了解什么是垃圾债券、影响其表现的因素以及多样化的重要性，可以使投资者做出明智的决策。最终，是否投资于垃圾债券将取决于个人的风险承受能力、投资目标和市场前景。与任何投资一样，知识和谨慎是成功驾驭复杂金融领域的关键。