请输入您要查询的单词:

 

单词 NEGATIVE CONVEXITY
释义

Callable bonds’ principal is returned (1) before maturation in a declining interest rate environment or (2) after maturation in a rising interest rate environment. The first situation may require reinvesting the principal at prevailing lower interest rates as a call risk. The second situation may realize a lost opportunity to earn prevailing higher interest rates as an extension risk.

随便看

 

法律词典收录了41026条英汉双解法律词条,基本涵盖了常用法律英语单词及短语词组的翻译及用法,是法律学习的有利工具。

 

Copyright © 2000-2023 Newdu.com.com All Rights Reserved
更新时间:2025/7/10 14:44:20