Nā hopena o nā Paʻi Kū'ē Bond
ʻO keʻano maʻamau,ʻo kahi piʻi kiʻekiʻe - a iʻole ka piʻiʻana - he hopena maikaʻiʻole i ka hanaʻana o kahi kāpili waiwai,ʻoiai ka haʻahaʻa haʻahaʻa a me ka hāʻuleʻana - kōkua ke kākoʻo i ka hana. ʻO nā lāpili paʻakikī ka mea kiʻekiʻe loa i nā manawa o ka hoʻouluka waiwai, a me ka haʻahaʻa i nā manawa o ka hoʻokele waiwai . ʻO ka paʻakikī paʻakikī he manaʻo no nā mea waiwai o ke aupuni, nāʻoihana palekana-ʻoihana , nā huapalapala kiʻekiʻe , a me nā'ahamele e kū nei , akā,ʻaʻole ia e pili i nā Treasuries US no ka mea,ʻaʻohe kumu kūponoʻole i ke aupuni aupuni e uku i kāna aie - - i loko o nā makahiki he 200,ʻaʻole loa.
Ka hopena o nā Palekana Bond
ʻOiai he paʻakikī kahi hopena hōʻailona no ke kumukūʻai o kekahi hoʻopaʻa pilikino, ma nā laulā maʻamau he mau mea kūikawā paha no nā palekana kiʻekiʻe loa. Hiki iāʻoe ke hōʻoia i nāʻikepili o kaʻike ma luna o nā hui pūnaewele a me nā kūpono kūponoʻole mai ka papa koho o kaʻawelike & Poor 's here.
ʻO kēia pūnaewele mai ka makahiki 2012, kahi pūnaewele waiwai o kaʻikepili i hōʻea i ka makahiki 1981, e hāʻawi ana i kahiʻike i ka hikiʻole o ke kūpono no ka hoʻokomoʻaiʻana a me nā koina kiʻekiʻe (kahi iʻikeʻoleʻia he "mau mea"). Pono pono e nānā i ka manawa e nānā pono i nā palapala a me nā papa e aʻo hou ai e pili ana i nā hewa, akā,
- Ua haʻahaʻa loa nā lākika kuhi ma ka māhele paʻa o kaʻaelike i ka manawa, me ka 1.47% o nā hihia i kūpono i ka 32-makahiki i kauʻia. Hoʻolālāʻia nā lālā o nā waihona kālā i kahi 0.10% o ka makahiki wale nō, akā, he 4.22% ka palena o ka palena kuhi no nā waihona haʻahaʻa o lalo-investment-grade (high yield).
- ʻO ka hapa nui o nā hewa i loaʻa i waena o nā mea hoʻolaha i hāʻawiʻia. ʻO ka makahiki 31 no nā palekana i heluʻia ka AAA (ke kiʻekiʻe kiʻekiʻe loa) aʻo AA he 0.0% a me ka 0.2%. Ma keʻano like,ʻo ka maʻamau maʻamau i waena o nā mea hoʻopuka B-i hāʻawiʻia (ʻo ka lua haʻahaʻa) he 4.28%, akā no ka haʻahaʻa haʻahaʻa, CCC / C, he 26,000% ka helu kuhi.
- Ma ka palena ākea, nui ka hewa o nā hewa i mua o nā downgrades i ka hōʻai'ē hōʻai'ē o ka mea hoʻopuka.
- Ua hōʻike mai nāʻaha moku'āina i kahi kūpono haʻahaʻa, a me keʻano i loko o kaʻahahui hui,ʻo ka hapanui o nā kuʻiʻana i hanaʻia ma waena o nā palekana i kūpono i ka palena. Wahi a Fmsbonds.inc. , "ʻO nā mea paʻa i hanaʻole,ʻo ke kumu nui loa, e like me Moody's,ʻo ia ka 'pilikia waiwai.' ʻO kēia hopena i loaʻa mai ma muli o ka hikiʻole o kahi papahana kālā i hoʻokōʻia e hoʻokō i kāna mau hopena i kūponoʻia ma muli o ka hoʻolālā kūpono a iʻole ka hoʻolālā hoʻokele waiwai, me ka hikiʻole ke hoʻokuʻu i kahi papahana. "
Ke pale nei i nāʻae o Bond
Mai kēia mahele o ka māhele hoʻopaʻa paʻa,ʻike maopopoʻia e hiki i nā mea waiwai ke hoʻopau i ko lākouʻikeʻana i ke kūpono ma o ka hoʻokomoʻana i nā kākoʻo AAA a i AA i hoʻopaʻaʻia aiʻole i loko o nā kālā pilikino e hilinaʻi nei i kēia mau mea i hoʻonuiʻia.
ʻOiaiʻo ia,ʻo ka mea kālā e hoʻopaʻa ana i ka paʻa a me ka hōʻai'ē kālā e palekana i nā hewa kūpono e pili ana i ka hopena o ka uku pāʻani - a no laila,ʻaʻole ia e pale i ka pohō o ke kumu inā kūʻaiʻia ma mua o ka'ōpiopio.