The maturity of a bond is the date it is repaid, and by extension the length of the loan: a 2-year, 5-year, 10-year or 30-year.
期限
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | U.S. bond-market slide deepens, pushing yields to two-decade highs 期限 · 第 4 张术语卡 | The article compares maturities one by one — 5-year, then 10-year, then 30-year — because 'the bond market' is really a ladder of loans of different lengths. 借钱时间越长，不确定性越大，债主通常要求更高收益率 —— 这部分补偿叫「期限溢价」。所以正常状态下收益率曲线是向右上方倾斜的。看债市新闻时先看是哪个期限在动，短端（2–3 年）跟央行政策最紧，长端（10–30 年）跟通胀与财政赤字预期最紧。 |