Indlela yokusebenzisa izivuno zentsebenziswano karhulumente ukuqinisekisa ukulindela kwamanani emali
Abatyalomali baqwalasela ngokukhawuleza ukungafani kwemveliso - okanye " ukusabalalisa " - phakathi kooNondyebo be- US iminyaka eyi-10 kunye neNkxaso -mali eVikelekileyo yokuVimba kweeNkxaso-mali (i-TIPS) iminyaka eli-10.
Nasi umzekelo: Ukuba uNondyebo we-10 weminyaka unesivuno sokuvuthwa kwe-3% kwaye i-TIPS ye-10 ye-TIPS ine-isivuno se-1%, ngoko ukulindela kwamanani emali kwiminyaka emihlanu ezayo i-2% ngonyaka. Ngokufanayo, ukusebenzisa imiba emibini okanye emihlanu kuya kusitshela ukuba kulindeleke kulawo maxesha.
Lo mahluko ubizwa ngokuba yi-"infake" yokunyuka kwamaxabiso. Ukuba ukunyuka kwamaxabiso kungaphezulu kwezinga lokuphulaphula, kuya kuba ngcono ukuba ube ne-TIPS kune-vanilla yobuncwane. Ukuba ukunyuka kwamaxabiso kungena ngaphantsi kwezinga lokuphulwa, uvimba-mali luya kukhethwa kwii-TIPS. Funda kabanzi malunga nendlela oku kusebenza ngayo kwinqaku lam, " Indlela yokusebenzisa i-TIPS ukubala izilindelo zengxowankulu ."
Imbali yeNondyebo / i-TIPS Ukuvelisa ukusasazeka
Ngokujonga iitshati zokusabalala phakathi kooNondyebo base-US kunye ne-TIPS, sinokubona ukuba ulindelo lwexabiso lokunyuka kwamatyala litshintshile ngaphaya kwexesha. Umfanekiso olandelayo ubonisa isikhala phakathi kokukhula komnyaka oneminyaka eli-10 kwesondlo ngasinye ukususela ngo-2003 ukuya ku-Oktobha 31, 2014.
Ngaphambi koko, ii-TIPS zazingekho zixhobo (zithengiswa ngokukhawuleza) zanele ngokwaneleyo ukuba zifumane umlinganiselo ochanekileyo wokulindela ukunyuka kwamaxabiso.
Le tstshana ibonisa ukuba emva kwexesha, ukulindela kwexabiso leminyaka eli-10 kuye kwafika kwi-2-2.5% ububanzi, ngo-2.18% kwixesha elizeleyo. Into ebonakalayo yetshathi yimbophu enkulu kwiminyaka ephakathi.
Oku kubonakalisa ixesha leengxaki zemali ka-2007-2008, kunye nokuhlaziywa okulandelayo. Nangona ukulindela kwexabiso lokunyuka kwamaxabiso kungekhona ukulindela ukulindela ukukhula njengoko kucocekileyo njengokuba benza kwiincwadi ze-Economics 101, ixesha leengxaki kunye / okanye ukubethelwa kobugcisa obuthakathaka kubangela ukuba abatyali-mali bangakhathazeki ngokunyuka kwamaxabiso. Ngelo xesha, ukubuyiselwa ngo-2009-2010 kwi-Nondyebo / i-TIPS ukuvelisa ukusabalalisa kufana ne-rebound ekukhuleni kwehlabathi kunye namanani esitokhwe ngeli xesha.
Ukususela ngoko, ukunyaniseka kwiimarike ezibophekileyo kuye kwabonakala kubonakala ukutshintsha okulindelekileyo malunga nomgaqo-nkqubo we-US Federal Reserve wokunciphisa inani , kunye neengxaki ezahlukahlukeneyo ezithintekayo kwiimarike ngeli xesha. Ngokomzekelo, ukudibanisa kumgca ngowama-2010 kubonakalisa uxhalabisayo malunga neengxaki zetyala leYurophu , ngelixa ukuhla kwe-2011 kubangelwa yinkxalabo yecala lokuxilwa kwetyala kunye nexhala lokuba iUnited States inokuthi ibe yinto engekho phantsi kwetyala layo ngenxa yecala layo lezopolitiko.
Ngoku kutshanje, ukwehla ngo-2013 kwenzeka ngo-tandem kunye nokulindela kweemarike ukuba i- Federal Reserve izakufaka umgaqo-nkqubo wokunciphisa umlinganiselo. Kwinqanaba elincinane letshathi, ukuncipha kwezinga lokuphulukana ekupheleni konyaka ka-2014 kubonakalisa iingxakeko zokukhawuleza ngokukhawuleza kwexabiso laseYurophu ekugqibeleni liza kudlulela e-United States.
Ingaphezulu kweminyaka emibini kamva, umgaqo-nkqubo wokunciphisa umlinganiselo-kwaye kunye nalo kulindeleke ukuba uza kuphelisa, uyaqhubeka. Ngenxa yoko, i-bond bond isala ngokubanzi kodwa iphantsi.
U-Nondyebo-I-TIPS isasazekayo ayiyiyo ingqiqo epheleleyo yexabiso lokunyuka kwamaxabiso ngandlela-naliphi na indlela - emva koko, bobabini baxhomekeke kwimimandla yemarike (kwaye ngoko ke iimvakalelo zentengiso). Nangona kunjalo, eli tshatya luza kunceda ukubonelela ngolu hlobo lokulindela ukunyuka kwamaxabiso kumali-mali.