本国收益率的中文解释

指某一国家或市场计算债券到期收益率所遵循的惯例。国际证券市场协会（ISMA）的到期收益率计算法为市场广泛使用，按该计算方法，债券未来的所有现金流以到期收益率折现，等于债券价格加应计利息。

Native Yield的英文解释

The convention used in a particular country or market for the calculation of a bond's yield if it is held to maturity. A widely used convention is the ISMA (International Securities Market Association) yield to maturity which makes all future cash flows equal to the price of the bond plus accrued interest.

• calculation [,kælkju´leiʃən]   n.计算；考虑，预料   (英语四级单词)
• maturity [mə´tjuəriti]   n.成熟；完备   (英语四级单词)