举例算high rate 和 investment rate

Security Term	CUSIP	Issue Date	Maturity Date	High Rate	Investment Rate
17-Week	912797FP7	02/21/2023	06/20/2023	4.800%	4.945%

就用hhtt的例子

High rate = annual discount rate = 4.8%

17 week = 17x7 = 119 days

discount rate for 17 weeks = 4.8% x 119/360 = 1.5867%

Price for 17 week treasury bill = 100 x (1-1.5867%) = 98.41333 (付$98.41买面值$100的bill)

17 week 回报 = 100 -98.41333 = 1.586667

17 week 回报率= 1.586667/98.41333 = 1.6122%

Investment Rate = 年化回报率= 1.6122% x 365/119 = 4.945%

 

 

所有跟帖： 

• 赞 -gccard- ♀ (0 bytes) () 02/15/2023 postreply 18:35:04

• 赞，这个算得真明白。我每次都是看每100块，花的少拿回多就买哪个。 -baishunlai- ♂ (0 bytes) () 02/15/2023 postreply 18:39:16

• 买 new issues 你事先不知这些数，要先闭着眼递交，拍卖结束后是多少就是多少 -slow_quick- ♂ (0 bytes) () 02/15/2023 postreply 19:47:49

• High rate决定债劵价格 investment rate is annualized rate of return -小子妈- ♀ (0 bytes) () 02/15/2023 postreply 18:48:38

• +1 -slow_quick- ♂ (0 bytes) () 02/15/2023 postreply 19:57:20

• 很清楚！ -天涯追梦- ♂ (0 bytes) () 02/15/2023 postreply 21:00:13

• 4.8% x 119/360 = 1.5867% 这里为什么不是365天？还是typo? -Wei_PDX- ♂ (0 bytes) () 02/15/2023 postreply 21:16:26

• 还是你看的仔细！不是错！所以说那个High Rate不是你能拿到利息，360是银行用标准化计算利率，以每月是30天。 -hhtt- ♂ (196 bytes) () 02/15/2023 postreply 21:17:37

• high rate和investmen rate啥的算专业术语么? -那夜的雨- ♂ (48 bytes) () 02/16/2023 postreply 09:36:29

• 算。更通用的术语是 discount rate and yield -slow_quick- ♂ (0 bytes) () 02/16/2023 postreply 09:43:36

• 最终获利还是要低一点, 二手都有手续费 -山高水阔- ♂ (0 bytes) () 02/17/2023 postreply 06:18:21