{"id":382032,"date":"2021-05-12T17:18:49","date_gmt":"2021-05-13T00:18:49","guid":{"rendered":"https:\/\/nai500.com\/?p=382032"},"modified":"2021-05-14T11:11:04","modified_gmt":"2021-05-14T18:11:04","slug":"%e5%82%b5%e5%88%b8-%e7%9f%a5%e8%ad%98-%e5%85%a5%e9%96%802-%e5%82%b5%e5%88%b8-%e6%9c%89%e5%93%aa%e4%ba%9b-%e7%a8%ae%e9%a1%9e","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2021\/05\/%e5%82%b5%e5%88%b8-%e7%9f%a5%e8%ad%98-%e5%85%a5%e9%96%802-%e5%82%b5%e5%88%b8-%e6%9c%89%e5%93%aa%e4%ba%9b-%e7%a8%ae%e9%a1%9e\/","title":{"rendered":"\u50b5\u5238\u77e5\u8b58\u5165\u95802\uff1a\u50b5\u5238\u6709\u54ea\u4e9b\u7a2e\u985e\uff1f"},"content":{"rendered":"<h2><strong>\u50b5\u5238\u7684\u985e\u5225<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u5e02\u5834\u4e0a\u51fa\u552e\u7684\u50b5\u5238\u4e3b\u8981\u6709\u56db\u985e\u3002\u4e0d\u904e\uff0c\u4f60\u4e5f\u53ef\u80fd\u5728\u4e00\u4e9b\u5e73\u53f0\u4e0a\u770b\u5230<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/f\/foreignbonds.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u4f01\u696d\u548c\u653f\u5e9c\u767c\u884c\u7684\u5916\u570b\u50b5\u5238<\/span><\/a><span style=\"font-weight: 400;\">\u3002<\/span><\/p>\n<p>\u672c\u6587\u5171\u6709\u56db\u500b\u90e8\u5206\uff0c\u5728\u6b64\u67e5\u770b\u672c\u6587\u7684<strong><a href=\"https:\/\/nai500.com\/zh-hant\/blog\/2021\/05\/%e5%82%b5%e5%88%b8-%e7%9f%a5%e8%ad%98-%e5%85%a5%e9%96%801-%e4%bb%80%e9%ba%bc%e6%98%af-%e5%82%b5%e5%88%b8\/\" target=\"_blank\" rel=\"noopener\">\u7b2c\u4e00\u90e8\u5206<\/a><\/strong>\u3001<strong><a href=\"https:\/\/nai500.com\/zh-hant\/blog\/2021\/05\/%e5%82%b5%e5%88%b8-%e7%9f%a5%e8%ad%98-%e5%85%a5%e9%96%803-%e5%82%b5%e5%88%b8-%e5%a6%82%e4%bd%95-%e5%ae%9a%e5%83%b9\/\" target=\"_blank\" rel=\"noopener\">\u7b2c\u4e09\u90e8\u5206<\/a><\/strong>\u548c<strong><a href=\"https:\/\/nai500.com\/zh-hant\/blog\/2021\/05\/%e5%82%b5%e5%88%b8-%e7%9f%a5%e8%ad%98-%e5%85%a5%e9%96%804-%e5%82%b5%e5%88%b8%e7%9a%84-%e5%b8%b8%e8%a6%8b-%e5%95%8f%e9%a1%8c\/\" target=\"_blank\" rel=\"noopener\">\u7b2c\u56db\u90e8\u5206<\/a><\/strong>\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u516c\u53f8\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u662f\u7531\u516c\u53f8\u767c\u884c\u7684\u3002\u56e0\u70ba\u50b5\u5238\u5e02\u5834\u63d0\u4f9b\u66f4\u6709\u5229\u7684\u689d\u4ef6\u548c\u66f4\u4f4e\u7684\u5229\u7387\uff0c\u6240\u4ee5\u5728\u8a31\u591a\u60c5\u6cc1\u4e0b\uff0c\u516c\u53f8\u6703\u767c\u884c\u50b5\u5238\uff0c\u800c\u4e0d\u662f\u5c0b\u6c42\u9280\u884c\u8cb8\u6b3e\u4f86\u9032\u884c\u50b5\u52d9\u878d\u8cc7\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5e02\u653f\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u662f\u7531\u5dde\u548c\u5e02\u653f\u7576\u5c40\u767c\u884c\u7684\u3002\u4e00\u4e9b\u5e02\u653f\u50b5\u5238\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u514d\u7a05\u7684\u50b5\u606f\u6536\u5165\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u653f\u5e9c\u50b5\u5238\uff0c<\/b><span style=\"font-weight: 400;\">\u6bd4\u5982\u7f8e\u570b\u8ca1\u653f\u90e8\u767c\u884c\u7684\u50b5\u5238\u3002\u8ca1\u653f\u90e8\u767c\u884c\u7684\u96e2\u5230\u671f\u65e5\u4e00\u5e74\u6216\u66f4\u77ed\u7684\u50b5\u5238\u88ab\u7a31\u70ba\u201d\u77ed\u671f\u50b5\u5238\u201d\uff1b\u767c\u884c\u7684\u96e2\u5230\u671f\u65e51-10\u5e74\u7684\u50b5\u5238\u88ab\u7a31\u70ba\u201d\u4e2d\u671f\u50b5\u5238\u201d\uff1b\u800c\u767c\u884c\u7684\u96e2\u5230\u671f\u65e510\u5e74\u4ee5\u4e0a\u7684\u50b5\u5238\u88ab\u7a31\u70ba\u201d\u9577\u671f\u50b5\u5238\u201d\u3002\u7531\u653f\u5e9c\u8ca1\u653f\u90e8\u767c\u884c\u7684\u6574\u500b\u985e\u5225\u7684\u50b5\u5238\u901a\u5e38\u88ab\u7d71\u7a31\u70ba\u201d\u570b\u50b5\u201d\u3002\u570b\u5bb6\u653f\u5e9c\u767c\u884c\u7684\u653f\u5e9c\u50b5\u5238\u53ef\u88ab\u7a31\u70ba\u4e3b\u6b0a\u653f\u5e9c\u50b5\u52d9\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u6a5f\u69cb\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u662f\u90a3\u4e9b\u7531\u653f\u5e9c\u9644\u5c6c\u7d44\u7e54\u767c\u884c\u7684\u50b5\u5238\uff0c\u5982\u623f\u5229\u7f8e\u6216\u623f\u5730\u7f8e\u3002<\/span><\/li>\n<\/ul>\n<h2><strong>\u50b5\u5238\u7684\u7a2e\u985e<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u53ef\u4f9b\u6295\u8cc7\u8005\u9078\u64c7\u7684\u50b5\u5238\u6709\u8a31\u591a\u4e0d\u540c\u7684\u54c1\u7a2e\u3002\u50b5\u5238\u53ef\u4ee5\u901a\u904e\u5229\u7387\u6216\u5229\u606f\u6216\u7968\u606f\u5229\u7387\u7684\u985e\u578b\u3001\u88ab\u767c\u884c\u4eba\u53ec\u56de\uff0c\u6216\u5176\u4ed6\u5c6c\u6027\u4f86\u5340\u5206\u3002<\/span><\/p>\n<p><a href=\"https:\/\/www.investopedia.com\/terms\/z\/zero-couponbond.asp\" target=\"_blank\" rel=\"noopener\"><b>\u96f6\u606f\u50b5\u5238<\/b><\/a><b>\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u4e0d\u652f\u4ed8\u7968\u606f\u5229\u7387\uff0c\u800c\u662f\u4ee5\u5176\u9762\u503c\u7684\u6298\u50f9\u767c\u884c\uff0c\u4e00\u65e6\u50b5\u5238\u6301\u6709\u4eba\u5728\u50b5\u5238\u5230\u671f\u6642\u7372\u5f97\u5168\u90e8\u9762\u503c\uff0c\u5c31\u6703\u7522\u751f\u56de\u5831\u3002\u7f8e\u570b\u570b\u5eab\u5238\u662f\u4e00\u7a2e\u96f6\u606f\u50b5\u5238\u3002<\/span><\/p>\n<p><a href=\"https:\/\/www.investopedia.com\/terms\/c\/convertiblebond.asp\" target=\"_blank\" rel=\"noopener\"><b>\u53ef\u8f49\u63db\u50b5\u5238<\/b><\/a><span style=\"font-weight: 400;\">\u662f\u5e36\u6709\u5167\u5d4c\u671f\u6b0a\u7684\u50b5\u52d9\u5de5\u5177\uff0c\u5141\u8a31\u50b5\u5238\u6301\u6709\u4eba\u5728\u67d0\u500b\u6642\u5019\u5c07\u5176\u50b5\u52d9\u8f49\u63db\u70ba\u80a1\u7968\uff08\u80a1\u6b0a\uff09\uff0c\u9019\u53d6\u6c7a\u65bc\u67d0\u4e9b\u689d\u4ef6\uff0c\u5982\u80a1\u50f9\u3002\u4f8b\u5982\uff0c\u8a2d\u60f3\u4e00\u5bb6\u516c\u53f8\u9700\u8981\u85c9100\u842c\u7f8e\u5143\u4f86\u8cc7\u52a9\u4e00\u500b\u65b0\u9805\u76ee\u3002\u4ed6\u5011\u53ef\u4ee5\u901a\u904e\u767c\u884c\u7968\u606f\u70ba12%\u300110\u5e74\u5f8c\u5230\u671f\u7684\u50b5\u5238\u4f86\u501f\u6b3e\u3002\u7136\u800c\uff0c\u5982\u679c\u4ed6\u5011\u77e5\u9053\u6709\u4e00\u4e9b\u6295\u8cc7\u8005\u9858\u610f\u8cfc\u8cb7\u7968\u606f\u70ba8%\u7684\u50b5\u5238\uff0c\u5982\u679c\u80a1\u7968\u50f9\u683c\u4e0a\u5347\u5230\u67d0\u4e00\u6578\u503c\u4ee5\u4e0a\uff0c\u4ed6\u5011\u53ef\u4ee5\u5c07\u50b5\u5238\u8f49\u63db\u6210\u80a1\u7968\uff0c\u90a3\u9ebc\u4ed6\u5011\u53ef\u80fd\u66f4\u9858\u610f\u767c\u884c\u9019\u4e9b\u50b5\u5238\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u7531\u65bc\u9805\u76ee\u8655\u65bc\u65e9\u671f\u968e\u6bb5\u6642\uff0c\u652f\u4ed8\u8f03\u4f4e\u7684\u5229\u606f\uff0c\u6240\u4ee5\u53ef\u8f49\u63db\u50b5\u5238\u53ef\u80fd\u662f\u516c\u53f8\u7684\u6700\u4f73\u89e3\u6c7a\u65b9\u6848\u3002\u5982\u679c\u6295\u8cc7\u8005\u8f49\u63db\u4ed6\u5011\u7684\u50b5\u5238\uff0c\u5176\u4ed6\u80a1\u6771\u7684\u80a1\u6b0a\u5c07\u88ab\u7a00\u91cb\uff0c\u4f46\u516c\u53f8\u5c07\u4e0d\u5fc5\u518d\u652f\u4ed8\u4efb\u4f55\u5229\u606f\u6216\u50b5\u5238\u7684\u672c\u91d1\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u8cfc\u8cb7\u53ef\u8f49\u63db\u50b5\u5238\u7684\u6295\u8cc7\u8005\u53ef\u80fd\u8a8d\u70ba\u9019\u662f\u4e00\u500b\u5f88\u597d\u7684\u89e3\u6c7a\u65b9\u6848\uff0c\u5982\u679c\u9805\u76ee\u6210\u529f\uff0c\u4ed6\u5011\u53ef\u4ee5\u5f9e\u80a1\u7968\u7684\u4e0a\u6f32\u4e2d\u7372\u5229\u3002\u4ed6\u5011\u901a\u904e\u63a5\u53d7\u8f03\u4f4e\u7684\u7968\u606f\u5229\u7387\u627f\u64d4\u4e86\u66f4\u591a\u7684\u98a8\u96aa\uff0c\u4f46\u5982\u679c\u50b5\u5238\u88ab\u8f49\u63db\uff0c\u6f5b\u5728\u7684\u56de\u5831\u53ef\u80fd\u4f7f\u9019\u7a2e\u6b0a\u8861\u53ef\u4ee5\u63a5\u53d7\u3002<\/span><\/p>\n<p><a href=\"https:\/\/www.investopedia.com\/terms\/c\/callablebond.asp\" target=\"_blank\" rel=\"noopener\"><b>\u53ef\u8d16\u56de<\/b><\/a><b>\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u4e5f\u6709\u5167\u5d4c\u671f\u6b0a\uff0c\u4f46\u5b83\u8207\u53ef\u8f49\u63db\u50b5\u5238\u4e2d\u7684\u671f\u6b0a\u4e0d\u540c\u3002\u53ef\u8d16\u56de\u50b5\u5238\u662f\u4e00\u7a2e\u53ef\u4ee5\u5728\u5230\u671f\u524d\u88ab\u516c\u53f8\u201d\u8d16\u56de\u201d\u7684\u50b5\u5238\u3002\u5047\u8a2d\u4e00\u5bb6\u516c\u53f8\u901a\u904e\u767c\u884c10\u5e74\u5f8c\u5230\u671f\u768410%\u7968\u606f\u7684\u50b5\u5238\u501f\u5230\u4e86100\u842c\u7f8e\u5143\u3002\u5982\u679c\u5728\u7b2c5\u5e74\u5229\u7387\u4e0b\u964d\uff08\u6216\u516c\u53f8\u7684\u4fe1\u7528\u8a55\u7d1a\u63d0\u9ad8\uff09\uff0c\u7576\u516c\u53f8\u53ef\u4ee5\u4ee58%\u7684\u50f9\u683c\u501f\u6b3e\u6642\uff0c\u4ed6\u5011\u5c07\u5411\u50b5\u5238\u6301\u6709\u4eba\u8d16\u56de\u6216\u4ee5\u672c\u91d1\u56de\u8cfc\u50b5\u5238\uff0c\u4e26\u4ee5\u8f03\u4f4e\u7684\u7968\u9762\u5229\u7387\u91cd\u65b0\u767c\u884c\u65b0\u50b5\u5238\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u56e0\u70ba\u7576\u53ef\u8d16\u56de\u50b5\u5238\u7684\u50f9\u503c\u4e0a\u5347\u6642\uff0c\u53ef\u8d16\u56de\u50b5\u5238\u66f4\u6709\u53ef\u80fd\u88ab\u8d16\u56de,\u6240\u4ee5\u53ef\u8d16\u56de\u50b5\u5238\u5c0d\u50b5\u5238\u8cfc\u8cb7\u8005\u4f86\u8aaa\u98a8\u96aa\u66f4\u5927\u3002\u8a18\u4f4f\uff0c\u7576\u5229\u7387\u4e0b\u964d\u6642\uff0c\u50b5\u5238\u50f9\u683c\u6703\u4e0a\u5347\u3002\u6b63\u56e0\u70ba\u5982\u6b64\uff0c\u53ef\u8d16\u56de\u50b5\u5238\u7684\u50f9\u503c\u4e0d\u5982\u5177\u6709\u76f8\u540c\u671f\u9650\u3001\u4fe1\u7528\u7b49\u7d1a\u548c\u7968\u9762\u5229\u7387\u7684\u4e0d\u53ef\u8d16\u56de\u7684\u50b5\u5238\u3002<\/span><\/p>\n<p><a href=\"https:\/\/www.investopedia.com\/terms\/p\/putbond.asp\" target=\"_blank\" rel=\"noopener\"><b>\u53ef\u56de\u552e\u50b5\u5238<\/b><\/a><b>\u50b5\u5238<\/b><span style=\"font-weight: 400;\">\u5141\u8a31\u50b5\u5238\u6301\u6709\u4eba\u5728\u50b5\u5238\u5230\u671f\u524d\u5c07\u5176\u653e\u56de\u6216\u8ce3\u7d66\u516c\u53f8\u3002\u9019\u5c0d\u90a3\u4e9b\u64d4\u5fc3\u50b5\u5238\u53ef\u80fd\u8cb6\u503c\u3001\u6216\u8005\u5982\u679c\u8a8d\u70ba\u5229\u7387\u6703\u4e0a\u5347\u4e26\u60f3\u5728\u50b5\u5238\u8cb6\u503c\u4e4b\u524d\u62ff\u56de\u4ed6\u5011\u672c\u91d1\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\u5f88\u6709\u50f9\u503c\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u50b5\u5238\u767c\u884c\u4eba\u53ef\u4ee5\u5728\u50b5\u5238\u4e2d\u52a0\u5165\u8a8d\u6cbd\u671f\u6b0a\uff0c\u4f7f\u50b5\u5238\u6301\u6709\u4eba\u53d7\u76ca\uff0c\u4ee5\u63db\u53d6\u8f03\u4f4e\u7684\u7968\u9762\u5229\u7387\uff0c\u6216\u8005\u53ea\u662f\u70ba\u4e86\u8a98\u4f7f\u50b5\u5238\u8ce3\u5bb6\u9032\u884c\u521d\u59cb\u8cb8\u6b3e\u3002\u56e0\u70ba\u53ef\u56de\u552e\u50b5\u5238\u5c0d\u50b5\u5238\u6301\u6709\u4eba\u7684\u50f9\u503c\u66f4\u9ad8\uff0c\u53ef\u56de\u552e\u50b5\u5238\u7684\u4ea4\u6613\u50f9\u683c\u901a\u5e38\u9ad8\u65bc\u6c92\u6709\u8a8d\u6cbd\u671f\u6b0a\u4f46\u5177\u6709\u76f8\u540c\u4fe1\u7528\u7b49\u7d1a\u3001\u671f\u9650\u548c\u7968\u9762\u5229\u7387\u7684\u50b5\u5238\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u50b5\u5238\u4e2d\u5d4c\u5165\u7684\u770b\u8dcc\u671f\u6b0a\u3001\u770b\u6f32\u671f\u6b0a\u548c\u53ef\u8f49\u63db\u6b0a\u7684\u53ef\u80fd\u7d44\u5408\u662f\u7121\u7aae\u7121\u76e1\u7684\uff0c\u6bcf\u4e00\u7a2e\u90fd\u662f\u7368\u4e00\u7121\u4e8c\u7684\u3002\u6bcf\u7a2e\u6b0a\u5229\u90fd\u6c92\u6709\u4e00\u500b\u56b4\u683c\u7684\u6a19\u6e96\uff0c\u4e00\u4e9b\u50b5\u5238\u6703\u5305\u542b\u4e0d\u6b62\u4e00\u7a2e\u201d\u671f\u6b0a\u201d\uff0c\u9019\u53ef\u80fd\u6703\u4f7f\u6bd4\u8f03\u8b8a\u5f97\u56f0\u96e3\u3002\u4e00\u822c\u4f86\u8aaa\uff0c\u500b\u4eba\u6295\u8cc7\u8005\u4f9d\u9760\u50b5\u5238\u5c08\u696d\u4eba\u58eb\u4f86\u9078\u64c7\u7b26\u5408\u5176\u6295\u8cc7\u76ee\u6a19\u7684\u500b\u4eba\u50b5\u5238\u6216\u50b5\u5238\u57fa\u91d1\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5e02\u5834\u4e0a\u51fa\u552e\u7684\u50b5\u5238\u4e3b\u8981\u6709\u56db\u985e\u3002\u4e0d\u904e\uff0c\u4f60\u4e5f\u53ef\u80fd\u5728\u4e00\u4e9b\u5e73\u53f0\u4e0a\u770b\u5230\u4f01\u696d\u548c\u653f\u5e9c\u767c\u884c\u7684\u5916\u570b\u50b5\u5238\u3002<\/p>\n","protected":false},"author":32,"featured_media":382029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[431],"tags":[1878],"class_list":["post-382032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-strategies-zh-hant","tag-1878","sectors-financial-products-zh-hant","locations-canada-zh-hant","locations-us-zh-hant","exchange-tsx-zh-hant","exchange-tsx-v-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/382032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=382032"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/382032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/382029"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=382032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=382032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=382032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}