| 单词 | yield gap |
| 释义 | yield gap The difference between the average dividend yield on equities and the average yield on long-dated gilt-edged security. During periods of stable prices the yield on equities usually needs to be greater to compensate investors for their relative riskiness, so the yield gap is positive. During periods of high inflation the fact that equities are expected to provide capital gains tax to compensate for inflation while gilt-edged are not can lead to a reverse yield gap, with returns on gilt-edged above those on equities. See also: reverse yield gap |
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