{"id":382222,"date":"2021-05-12T17:00:12","date_gmt":"2021-05-13T00:00:12","guid":{"rendered":"https:\/\/nai500.com\/?p=382222"},"modified":"2021-05-14T11:10:59","modified_gmt":"2021-05-14T18:10:59","slug":"%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","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%801-%e4%bb%80%e9%ba%bc%e6%98%af-%e5%82%b5%e5%88%b8\/","title":{"rendered":"\u50b5\u5238\u77e5\u8b58\u5165\u95801\uff1a\u4ec0\u9ebc\u662f\u50b5\u5238\uff1f"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u50b5\u5238\u662f\u4e00\u7a2e<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/f\/fixed-incomesecurity.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u56fa\u5b9a\u6536\u76ca\u5de5\u5177<\/span><\/a><span style=\"font-weight: 400;\">\uff0c\u4ee3\u8868\u6295\u8cc7\u8005\u5411\u501f\u6b3e\u4eba\uff08\u901a\u5e38\u662f\u516c\u53f8\u6216\u653f\u5e9c\uff09\u63d0\u4f9b\u7684\u8cb8\u6b3e\u3002\u50b5\u5238\u53ef\u4ee5\u88ab\u8a8d\u70ba\u662f<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/l\/lender.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u8cb8\u6b3e\u4eba<\/span><\/a><span style=\"font-weight: 400;\">\u548c\u501f\u6b3e\u4eba\u4e4b\u9593\u7684<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/i\/iou.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u6211\u6b20\u4f60<\/span><\/a><span style=\"font-weight: 400;\">\u95dc\u4fc2\uff0c\u5305\u62ec\u8cb8\u6b3e\u660e\u7d30\u548c\u4ed8\u6b3e\u3002\u50b5\u5238\u88ab\u516c\u53f8\u3001\u5e02\u653f\u7576\u5c40\u3001\u5dde\u548c\u4e3b\u6b0a\u653f\u5e9c\u7528\u4f86\u70ba\u9805\u76ee\u548c\u696d\u52d9\u878d\u8cc7\u3002\u50b5\u5238\u7684\u6240\u6709\u8005\u662f\u767c\u884c\u4eba\u7684\u50b5\u52d9\u4eba\uff0c\u6216\u50b5\u6b0a\u4eba\u3002\u50b5\u5238\u660e\u7d30\u5305\u62ec\uff1a<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/p\/principal.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u8cb8\u6b3e\u672c\u91d1<\/span><\/a><span style=\"font-weight: 400;\">\u61c9\u652f\u4ed8\u7d66\u50b5\u5238\u6240\u6709\u8005\u7684\u5230\u671f\u65e5\uff0c\u4e26\u4e14\u901a\u5e38\u5305\u62ec\u501f\u6b3e\u4eba\u652f\u4ed8\u7684<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/v\/variableinterestrate.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u53ef\u8b8a<\/span><\/a><span style=\"font-weight: 400;\">\u6216<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/f\/fixedinterestrate.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u56fa\u5b9a\u5229\u606f<\/span><\/a><span style=\"font-weight: 400;\">\u689d\u6b3e\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%802-%e5%82%b5%e5%88%b8-%e6%9c%89%e5%93%aa%e4%ba%9b-%e7%a8%ae%e9%a1%9e\/\" target=\"_blank\" rel=\"noopener\">\u7b2c\u4e8c\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<p><strong>\u95dc\u9375\u8981\u9ede<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u50b5\u5238\u662f\u7531\u516c\u53f8\u767c\u884c\u7684\u516c\u53f8\u50b5\u52d9\u55ae\u4f4d\uff0c\u4e26\u4f5c\u70ba\u53ef\u4ea4\u6613\u8cc7\u7522\u8b49\u5238\u5316\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u56e0\u70ba\u50b3\u7d71\u4e0a\u50b5\u5238\u5411\u50b5\u52d9\u4eba\u652f\u4ed8\u56fa\u5b9a\u7684\u5229\u7387\uff08\u7968\u606f\uff09\uff0c\u6240\u4ee5\u50b5\u5238\u88ab\u7a31\u70ba\u56fa\u5b9a\u6536\u76ca\u5de5\u5177\u3002\u53ef\u8b8a\u5229\u7387\u6216\u6d6e\u52d5\u5229\u7387\u73fe\u5728\u4e5f\u5f88\u5e38\u898b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u50b5\u5238\u50f9\u683c\u8207\u5229\u7387\u5448\u53cd\u6bd4\u95dc\u4fc2\uff1a\u7576\u5229\u7387\u4e0a\u5347\u6642\uff0c\u50b5\u5238\u50f9\u683c\u4e0b\u964d\uff0c\u53cd\u4e4b\u4ea6\u7136\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u50b5\u5238\u6709\u5230\u671f\u65e5\uff0c\u5c46\u6642\u5fc5\u9808\u5168\u984d\u511f\u9084\u672c\u91d1\uff0c\u5426\u5247\u6709\u9055\u7d04\u98a8\u96aa\u3002<\/span><\/li>\n<\/ul>\n<h2><strong>\u50b5\u5238\u7684\u767c\u884c\u4eba<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u653f\u5e9c\uff08\u5404\u7d1a\uff09\u548c\u516c\u53f8\u901a\u5e38\u4f7f\u7528\u50b5\u5238\u4f86\u501f\u9322\u3002\u653f\u5e9c\u9700\u8981\u70ba\u9053\u8def\u3001\u5b78\u6821\u3001\u6c34\u58e9\u6216\u5176\u4ed6\u57fa\u790e\u8a2d\u65bd\u63d0\u4f9b\u8cc7\u91d1\u3002\u7a81\u5982\u5176\u4f86\u7684\u6230\u722d\u8cbb\u7528\u4e5f\u53ef\u80fd\u9700\u8981\u7c4c\u96c6\u8cc7\u91d1\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u540c\u6a23\u5730\uff0c\u516c\u53f8\u4e5f\u7d93\u5e38\u85c9\u9322\u4f86\u767c\u5c55\u696d\u52d9<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/c\/cagr.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\uff0c\u8cfc\u8cb7\u8ca1\u7522\u548c\u8a2d\u5099\uff0c\u958b\u5c55\u6709\u5229\u53ef\u5716\u7684\u9805\u76ee\uff0c\u7528\u65bc\u7814\u7a76\u548c\u958b\u767c\u6216\u50f1\u7528\u50f1\u54e1\u3002<\/span><\/a><span style=\"font-weight: 400;\">\u5927\u578b\u7d44\u7e54\u9047\u5230\u7684\u554f\u984c\u662f\uff0c\u4ed6\u5011\u901a\u5e38\u9700\u8981\u7684\u8cc7\u91d1\u9060\u9060\u8d85\u904e\u4e00\u822c\u9280\u884c\u6240\u80fd\u63d0\u4f9b\u7684\u8cc7\u91d1\u3002\u50b5\u5238\u63d0\u4f9b\u4e86\u4e00\u500b\u89e3\u6c7a\u65b9\u6848\uff0c\u5141\u8a31\u8a31\u591a\u500b\u4eba\u6295\u8cc7\u8005\u627f\u64d4\u8cb8\u6b3e\u4eba\u7684\u89d2\u8272\u3002\u4e8b\u5be6\u4e0a\uff0c\u516c\u5171\u50b5\u52d9\u5e02\u5834\u8b93\u6210\u5343\u4e0a\u842c\u7684\u6295\u8cc7\u8005\u5404\u81ea\u501f\u51fa\u4e00\u90e8\u5206\u6240\u9700\u8cc7\u672c\u3002\u6b64\u5916\uff0c\u5e02\u5834\u5141\u8a31\u8cb8\u6b3e\u4eba\u5411\u5176\u4ed6\u6295\u8cc7\u8005\u5728\u6700\u521d\u7684\u767c\u884c\u6a5f\u69cb\u7c4c\u96c6\u5230\u8cc7\u672c\u5f88\u4e45\u4e4b\u5f8c\u51fa\u552e\u4ed6\u5011\u7684\u50b5\u5238\uff0c\u6216\u5f9e\u5176\u4ed6\u500b\u4eba\u90a3\u88e1<\/span><a href=\"https:\/\/www.investopedia.com\/ask\/answers\/08\/how-to-buy-a-bond.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u8cfc\u8cb7\u50b5\u5238<\/span><\/a><span style=\"font-weight: 400;\">\u3002<\/span><\/p>\n<h2><strong>\u50b5\u5238\u5982\u4f55\u904b\u4f5c<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u50b5\u5238\u901a\u5e38\u88ab\u7a31\u70ba\u56fa\u5b9a\u6536\u76ca\u8b49\u5238\uff0c\u662f\u500b\u4eba\u6295\u8cc7\u8005\u901a\u5e38\u719f\u6089\u7684\u4e09\u7a2e<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/c\/core-assets.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u8cc7\u7522<\/span><\/a><span style=\"font-weight: 400;\">\u985e\u5225\u4e4b\u4e00\uff0c\u53e6\u5916\u9084\u6709\u80a1\u7968\uff08<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/e\/equity.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u80a1\u6b0a<\/span><\/a><span style=\"font-weight: 400;\">\uff09\u548c\u73fe\u91d1\u7b49\u50f9\u7269\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u8a31\u591a\u516c\u53f8\u548c<\/span><a href=\"https:\/\/www.investopedia.com\/ask\/answers\/where-can-i-buy-government-bonds\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u653f\u5e9c\u50b5\u5238<\/span><\/a><span style=\"font-weight: 400;\">\u516c\u958b\u4ea4\u6613\uff1b\u5176\u4ed6\u7684\u53ea\u5728\u5834\u5916\u4ea4\u6613\uff08<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/o\/otc.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">OTC<\/span><\/a><span style=\"font-weight: 400;\">\uff09\u6216\u501f\u6b3e\u4eba\u548c\u8cb8\u6b3e\u4eba\u4e4b\u9593\u79c1\u4e0b\u4ea4\u6613\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u7576\u516c\u53f8\u6216\u5176\u4ed6\u5be6\u9ad4\u9700\u8981\u7c4c\u96c6\u8cc7\u91d1\u4f86\u8cc7\u52a9\u65b0\u9805\u76ee\u3001\u7dad\u6301\u6301\u7e8c\u7d93\u71df\u6216\u70ba\u73fe\u6709\u50b5\u52d9\u518d\u878d\u8cc7\u6642\uff0c\u4ed6\u5011\u53ef\u4ee5\u76f4\u63a5\u5411\u6295\u8cc7\u8005\u767c\u884c\u50b5\u5238\u3002\u501f\u6b3e\u4eba\uff08\u767c\u884c\u4eba\uff09\u767c\u884c\u7684\u50b5\u5238\u5305\u62ec\u8cb8\u6b3e\u689d\u6b3e\u3001\u5c07\u8981\u652f\u4ed8\u7684\u5229\u606f\u3001\u4ee5\u53ca\u5fc5\u9808\u511f\u9084\u8cb8\u6b3e\u8cc7\u91d1\uff08\u50b5\u5238\u672c\u91d1\uff09\u7684\u6642\u9593\uff08<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/m\/maturitydate.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u5230\u671f\u65e5<\/span><\/a><span style=\"font-weight: 400;\">\uff09\u3002\u5229\u606f\u652f\u4ed8\uff08\u7968\u606f\uff09\u662f\u50b5\u5238\u6301\u6709\u4eba\u5c07\u8cc7\u91d1\u501f\u7d66\u767c\u884c\u4eba\u800c\u7372\u5f97\u7684\u90e8\u5206\u56de\u5831\u3002\u6c7a\u5b9a\u4ed8\u6b3e\u7684\u5229\u7387\u88ab\u7a31\u70ba<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/c\/coupon-rate.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u7968\u9762\u5229\u7387<\/span><\/a><span style=\"font-weight: 400;\">\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5927\u591a\u6578\u50b5\u5238\u7684\u521d\u59cb\u50f9\u683c\u901a\u5e38\u662f<\/span><a href=\"https:\/\/www.investopedia.com\/ask\/answers\/why-would-stock-have-no-par-value\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u9762\u503c<\/span><\/a><span style=\"font-weight: 400;\">\uff0c\u901a\u5e38\u70ba100\u7f8e\u5143\u62161000\u7f8e\u5143<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/f\/facevalue.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u9762\u503c<\/span><\/a><span style=\"font-weight: 400;\">\u6bcf\u5f35\u55ae\u9805\u50b5\u5238\u3002\u50b5\u5238\u7684\u5be6\u969b\u5e02\u5834\u50f9\u683c\u53d6\u6c7a\u65bc\u8a31\u591a\u56e0\u7d20\uff1a\u767c\u884c\u4eba\u7684<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/c\/creditquality.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u4fe1\u7528\u8cea\u91cf<\/span><\/a><span style=\"font-weight: 400;\">\uff0c\u96e2\u5230\u671f\u7684\u6642\u9593\u9060\u8fd1\uff0c\u4ee5\u53ca\u8207\u7576\u6642\u7684\u4e00\u822c\u5229\u7387\u74b0\u5883\u76f8\u6bd4\u7684\u7968\u9762\u5229\u7387\u3002\u50b5\u5238\u7684\u9762\u503c\u662f\u6307\u50b5\u5238\u5230\u671f\u5f8c\u5c07\u511f\u9084\u7d66\u501f\u6b3e\u4eba\u7684\u91d1\u984d\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5927\u591a\u6578\u50b5\u5238\u5728\u767c\u884c\u5f8c\u53ef\u4ee5\u7531\u6700\u521d\u7684\u50b5\u5238\u6301\u6709\u4eba\u51fa\u552e\u7d66\u5176\u4ed6\u6295\u8cc7\u8005\u3002\u63db\u53e5\u8a71\u8aaa\uff0c\u50b5\u5238\u6295\u8cc7\u8005\u4e0d\u5fc5\u4e00\u76f4\u6301\u6709<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/b\/bondladdering.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u50b5\u5238\u81f3\u5230\u671f\u65e5<\/span><\/a><span style=\"font-weight: 400;\">\u3002\u5982\u679c\u5229\u7387\u4e0b\u964d\uff0c\u6216\u8005\u85c9\u6b3e\u4eba\u7684\u4fe1\u7528\u6539\u5584\uff0c\u5c31\u53ef\u4ee5\u4ee5\u8f03\u4f4e\u7684\u6210\u672c\u91cd\u65b0\u767c\u884c\u65b0\u7684\u50b5\u5238\uff0c\u90a3\u9ebc\uff0c\u7531\u501f\u6b3e\u4eba\u56de\u8cfc\u50b5\u5238\u4e5f\u5f88\u5e38\u898b\u3002<\/span><\/p>\n<h2><strong>\u50b5\u5238\u7684\u7279\u9ede<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u5927\u591a\u6578\u50b5\u5238\u90fd\u6709\u4e00\u4e9b\u5171\u540c\u7684\u57fa\u672c\u7279\u5fb5\uff0c\u5305\u62ec\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u9762\u503c<\/b><span style=\"font-weight: 400;\">\u662f\u50b5\u5238\u5728\u5230\u671f\u6642\u7684\u8ca8\u5e63\u50f9\u503c\uff1b\u4e5f\u662f\u50b5\u5238\u767c\u884c\u8005\u5728\u8a08\u7b97\u5229\u606f\u652f\u4ed8\u6642\u7684\u53c3\u8003\u91d1\u984d\u3002\u4f8b\u5982\uff0c\u5047\u8a2d\u4e00\u500b\u6295\u8cc7\u8005\u4ee51,090\u7f8e\u5143\u7684\u6ea2\u50f9\u8cfc\u8cb7\u4e86\u50b5\u5238\uff0c\u53e6\u4e00\u500b\u6295\u8cc7\u8005\u5728\u5f8c\u4f86\u4ee5980\u7f8e\u5143\u7684\u6298\u50f9\u8cfc\u8cb7\u4e86\u540c\u6a23\u7684\u50b5\u5238\u3002\u7576\u50b5\u5238\u5230\u671f\u6642\uff0c\u5169\u500b\u6295\u8cc7\u8005\u90fd\u5c07\u7372\u5f971000\u7f8e\u5143\u7684\u50b5\u5238\u9762\u503c\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7968\u9762\u5229\u7387<\/b><span style=\"font-weight: 400;\">\u662f\u6307\u50b5\u5238\u767c\u884c\u4eba\u5c0d\u50b5\u5238\u9762\u503c\u6240\u652f\u4ed8\u7684\u5229\u7387\uff0c\u4ee5\u767e\u5206\u6bd4\u8868\u793a\u3002\u4f8b\u5982\uff0c5%\u7684\u7968\u9762\u5229\u7387\u610f\u5473\u8457\u50b5\u5238\u6301\u6709\u4eba\u6bcf\u5e74\u5c07\u7372\u5f975%\u00d71000\u7f8e\u5143\u9762\u503c=50\u7f8e\u5143\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7968\u9762\u65e5\u671f<\/b><span style=\"font-weight: 400;\">\u662f\u6307\u50b5\u5238\u767c\u884c\u4eba\u5c07\u652f\u4ed8\u5229\u606f\u7684\u65e5\u671f\u3002\u53ef\u4ee5\u5728\u4efb\u4f55\u6642\u9593\u9593\u9694\u5167\u652f\u4ed8\u5229\u606f\uff0c\u4f46\u6a19\u6e96\u662f\u6bcf\u534a\u5e74\u652f\u4ed8\u4e00\u6b21\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5230\u671f\u65e5<\/b><span style=\"font-weight: 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