Kulula kakhulu, isivuno sisasazeka ngokungafani phakathi kwezibophelelo ezimbini. Ukuba unxibelelwano olulodwa luvumela u-5.0% kwaye omnye uvelisa i-4.0%, "ukusasazeka" ngenye yepesenti.
Ukusasazeka ngokuqhelekileyo kubonakaliswe "kwiingongoma ezisekelwe," okuyi-cent cent of a percentage point. Ngenxa yoko, i-pesenti-point-point spreads ibizwa ngokuba " ngamaziko angama- 100." Izibhonkco ezingekho phantsi koNondyebo zivandlakanywa ngokusekelwe kumbambiswano phakathi kwesivuno kunye nesivuno kwi- bond yase-US ye-Treasury yokukhula okufanayo .
Ukutsalana kweziThamo - Ukuhlawula abaTyalo-mali kwiNgcipheko
Ngokuqhelekileyo, umngcipheko ophezulu unxulumano okanye iklasi ye-asethi yiyo, isivuno sawo sisasazeka. Kulula kakhulu, isizathu salo mmahluko kukuba abatyali-mali kufuneka bahlawulwe ukuba bathathe umngcipheko. Ukuba utsalo-mali lubonwa njengengozi ephantsi, abatyali-mali abayifuna isivuno esikhulu sokubopha imali yabo. Kodwa ukuba utyalo-mali lubonwa njengengozi ephezulu, abathathi-nxaxheba beemarike baya kufuna imbuyekezo efanelekileyo-ukukhushulwa okuphezulu-ukuthatha ithuba lokuba inqununu yabo ingahla.
Ngokomzekelo, ikhonkco ekhutshwe yi- corporation enkulu, ezinzile, kunye nezezimali ngokuqhelekileyo izothengisa ngokusasazeka ngokuthe ngqo ngokumalunga nobutyebi be-US.
Ngakolunye uhlangothi, isibophezelo esikhutshwe yinkampani encinci eneamandla obuthakathaka ngokwezimali iya kurhweba ukusabalala okuphezulu malunga noNondyebo. Oku kuchaza umvuzo wokubaluleka kwebakala elingenalo utyalo-mali ( izivuno eziphezulu ) izibophelelo ezinxulumene neenqanaba eziphezulu, ezilinganiselweyo zokutyalomali. Kwakhona ichaza isithuba phakathi kweemarike ezikhulayo ezinobungozi obuphezulu kunye nokuxhomekeka kobungozi obuphantsi kweemarike eziphuhlisiwe.
Ukusasazeka kusetyenziselwa ukubala inzuzo yezivuno zeziqinisekiso ezifanayo kunye nezikolo ezihlukeneyo . Iyona nto isetyenziswa ngokubanzi ukusasazeka phakathi koovimba boNyaka boNondyebo boBini kunye no-10, obonisa ukuba isivuno esithe xaxa umtyalo-mali unokufumana ukuthatha ingozi engakumbi yokutyalomali kwiibhondi zexesha elide.
Yiyiphi intlobo yokuThuthukiswa kweziThuthi eziPhakathi
Ukuveliswa kweemveliso kungabonakali, kunjalo. Ngenxa yokuba izibophelelo zesikhombiso zihlala zihamba, ngokunjalo ziyabonakala. Isalathiso sesivuno sisasazeka, okanye "sanda," oku kuthetha ukuba ukungafani kwemveliso phakathi kwamabhondi amabini okanye amacandelo okwandayo. Xa isasazeka, ithetha ukuba ukuhluka kwemveliso kuyancipha.
Ukukhumbula ukuba izibophelelo ziyavelisa njengoko amanani abo awela , kwaye ngokuphambeneyo, ukusabalala okukhulayo kubonisa ukuba enye icandelo lenza ngcono kunezinye. Ngokomzekelo, sitsho isivuno kwi-bond-bond bond index isuka kwi-7.0% ukuya kwi-7.5%, ngelixa isivuno kwi-Treasury yase-US iminyaka eyi-10 sihlala kwi-2.0%. Ukusasazeka kuye kwaphuma kumaphesenti angu-5.0 (amaphuzu angama-500) ukuya kuma-5.5 amaphesenti amaphuzu (amanqaku angama-550 esiseko), ebonisa ukuba izibophelelo eziphezulu zingaphantsi kweeNondyebo ngeli xesha.
Umgca ophantsi: akukho nto "njengemini yokutya yamahhala" kwiimarike zemali .
Ukuba ibhondi okanye i- bond bond ihlawula isivuno esiphezulu kakhulu , sinesizathu salo: nabani na ophethe ukuba utyalo-mali uthatha ingozi enkulu. Ngenxa yoko, abatyali-mali kufuneka baqaphele ukuba ukukhetha nje ukutsalwa kweengeniso ezizinzileyo kunye nomvuno ophezulu kunokubangela ukuba bathathe ingozi enkulu kunokuba baxoxisane.