Kwiimeko eziqhelekileyo zezoqoqosho kunye neemeko, iirhafu zentsingiselo yesikhashana ziphantsi kakhulu kuba kukho ingozi encinane yokungena kwamanani emveliso , ngelixa ixabiso lentengo elide elide liphezulu. (Kwiimeko ezinqabileyo, ngokuqhelekileyo ukuhlangabezana nokulindela ukutshatyalaliswa kwemali okanye ukudandatheka, iirhafu zexesha elide zingawela phantsi kweerhafu zexesha elifutshane kwinto eyaziwa ngokuba yi "curve yield inverted".)
Inkcazo yeSparallel Shift kwiCode Curve
Ukuthi ukutshintsha okufanayo kufana ne-curve isivuno kwenzeka ntoni xa amaxabiso enzala kuwo onke amanani ahlawulisiweyo-engenako-okwexeshana, okuphakathi, kunye nexesha elide - ukwanda okanye ukunciphisa inani elifanayo lamaphuzu. Umzekelo, ukuba unyaka-1, oneminyaka emi-5 ubudala, iminyaka-8 ubudala, iminyaka-10 ubudala, iminyaka-15 ubudala, iminyaka engama-20 kunye neminyaka engama-30 emabhonkodini bonke bonyuka ngama-1,50 ekhulwini, okanye ngamanqaku angama-150, ngaphezu kwezinga labo langaphambili, oku kuya kuba utshintsho olufanayo kwi-curve isivuno kuba ikhefu ngokwabo ayitshintshi; kunoko, zonke iinkcukacha zedatha zihambela ngakwesokudla segrafu ngelixa ligcina indawo yayo yokuhamba kunye nesimo.
Xa i-curve isivuno isenyuka phezulu, esona sininzi sithuba, iinguqu ezifanayo ziqhelekileyo.
Kutheni ukuveliswa kweengcipheko zeengcipheko zeengcipheko
Abatyalomali abanamaxabiso amaninzi okanye athile asele kwiimarike ezithengiswayo zentengo-mali, ezifana nezibophelelo ze-Nondyebo, izibophelelo zenkampani kunye nezibophelelo zentlawulo kamasipala , kufuneka zijongane neentlobo ezininzi zengozi ezizimeleyo kwiintlobo ezintathu zokungenisa imali. ezilinganayo kumalungelo .
Umngcipheko we-yield-curve, oqhelekileyo obizwa ngokuba ngumngcipheko wezinga lomdla, ingozi eshiyayo kwi-curve isivuno ingabangela ukuba amaxabiso omabhondi aguquke kakhulu, anokuthetha ukulahleka okukhulu, okanye iminyaka echithwe kwiindawo eziphantsi kwamanzi, ukuba ayinakulawulwa ngokucophelela. Ezi zilandelayo zingalungile kwiimeko ezithile, njengenkampani yomshuwalense esebenzayo kwinkqubo eyaziwa njenge-asethi / ukunyaniseka kweemfanelo apho i-bond maturity ehlelwe ukuba ilandele ixesha lokuphuma kwezinto ezilindelekileyo. Kwabanye, inokuthi ilahlekele inhlekelele. Oku kuyinyaniso ngokukhethekileyo kwiimali zentambo, imali yokuthengiswa kwemali okanye ii-akhawunti ezizimeleyo ezisebenzisa umyinge kwi-juice returns-income returns.
Indlela yoKhusela kwiShift Curve and Keyly Shift of Shift
Kuba abatyala-mali abathengayo izibophelelo baze bababambe ekuvuthweni, ukutshintshwa kwendwangu yokuvunwa, ngokufanayo okanye enye indlela, abayithinteli ngokwenene nayiphi na ingqondo njengoko bengayi kuba nempembelelo ekuphumeni kwemali, iintlawulo kunye nokufumana ixabiso lentengo okanye ilahleko . Kubatyalomali abanokuthi bahlawule izikhundla zabo ngaphambi kokukhula, indlela efanelekileyo yokukhusela kwiinguqu ezinzulu kwimilinganiselo yenzalo kukunciphisa ubude bebhondi njengoko imihla yokuvuthwa isenzo njengesiko sobungcipheko, ekunciphiseni ukunyaniseka.
Indlela engcono kakhulu yokunandipha ubuhle obuhle obuphezulu obuphezulu, ubuyiselo obulungisiweyo kunye nokuwela kwicandelo lokuqala kukusebenzisa ubuchule obubizwa ngokuba yi-laddering . Enye yeendlela ezintathu zokubambisana eziqhelekileyo ezingenza umda omkhulu kwiprofayili yakho yengozi ngenxa yokuba ugqiba ukwakha iqoqo leempahla ezixhamlayo kwisivuno esiphezulu, kunye nexesha elingaphantsi, ekunikezela ngezona zimbini zehlabathi. Kuthatha ixesha lokukhupha kodwa njengenxalenye yesikhokhethi esilungelelanisiweyo, akukho ndawo ithatha indawo. Ngaliphi na ixesha elithile, unokukhula okukhulayo ukwenzela ukuba kukho inkunzi apho ukuba uyayidinga. Ukuba akunjalo, ungayiphonsa ekukhuleni okude, ukubamba isivuno esiphezulu (ngokuqhelekileyo) kwixesha elide.