{"id":29726,"date":"2023-12-07T08:37:20","date_gmt":"2023-12-07T08:37:20","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chien-luoc-thang-trai-phieu-bond-laddering-la-gi-dac-diem-va-loi-ich-su-dung.html"},"modified":"2023-12-23T06:10:22","modified_gmt":"2023-12-22T23:10:22","slug":"chien-luoc-thang-trai-phieu-bond-laddering-la-gi-dac-diem-va-loi-ich-su-dung","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chien-luoc-thang-trai-phieu-bond-laddering-la-gi-dac-diem-va-loi-ich-su-dung.html","title":{"rendered":"Chi\u1ebfn l\u01b0\u1ee3c thang tr\u00e1i phi\u1ebfu (Bond Laddering) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m v\u00e0 l\u1ee3i \u00edch s\u1eed d\u1ee5ng"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Investopedia<\/p>\n<\/figcaption><\/figure>\n

Thang tr\u00e1i phi\u1ebfu<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

Thang tr\u00e1i phi\u1ebfu<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Bond Laddering.<\/b><\/p>\n

Thang tr\u00e1i phi\u1ebfu<\/b> l\u00e0 m\u1ed9t\u00a0chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0\u00a0li\u00ean quan \u0111\u1ebfn vi\u1ec7c mua tr\u00e1i phi\u1ebfu v\u1edbi c\u00e1c ng\u00e0y \u0111\u00e1o h\u1ea1n kh\u00e1c nhau, \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng t\u01b0\u01a1ng \u0111\u1ed1i nhanh ch\u00f3ng h\u01a1n v\u1edbi nh\u1eefng thay \u0111\u1ed5i trong l\u00e3i su\u1ea5t.\u00a0<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m chi\u1ebfn l\u01b0\u1ee3c Thang tr\u00e1i phi\u1ebfu\u00a0<\/font><\/b><\/h3>\n

V\u1ec1 c\u01a1 b\u1ea3n, thang tr\u00e1i phi\u1ebfu<\/b> l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu gi\u1ea3m thi\u1ec3u r\u1ee7i ro ho\u1eb7c t\u0103ng c\u01a1 h\u1ed9i ki\u1ebfm ti\u1ec1n khi l\u00e3i su\u1ea5t t\u0103ng l\u00ean cho nh\u00e0 \u0111\u1ea7u t\u01b0. Trong th\u1eddi \u0111i\u1ec3m l\u00e3i su\u1ea5t h\u1ea1 xu\u1ed1ng th\u1ea5p h\u01a1n, chi\u1ebfn l\u01b0\u1ee3c n\u00e0y s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00e1nh ch\u1ed1t l\u1ee3i nhu\u1eadn \u1edf m\u1ee9c k\u00e9m hi\u1ec7u qu\u1ea3 trong m\u1ed9t th\u1eddi gian d\u00e0i.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 mua c\u1ea3 tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n v\u00e0 d\u00e0i h\u1ea1n \u0111\u1ec3 ph\u00e2n t\u00e1n r\u1ee7i ro d\u1ecdc theo\u00a0\u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t. N\u1ebfu tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n \u0111\u00e1o h\u1ea1n t\u1ea1i th\u1eddi \u0111i\u1ec3m l\u00e3i su\u1ea5t t\u0103ng, ti\u1ec1n g\u1ed1c c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c tr\u00e1i phi\u1ebfu c\u00f3 l\u1ee3i su\u1ea5t cao h\u01a1n. \u00a0 \u00a0<\/p>\n

Nh\u00ecn chung, tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n th\u01b0\u1eddng \u0111\u00e1o h\u1ea1n trong kho\u1ea3ng th\u1eddi gian ch\u01b0a \u0111\u1ea7y ba n\u0103m.<\/i><\/p>\n

N\u1ebfu l\u00e3i su\u1ea5t \u0111\u00e3 ch\u1ea1m m\u1ee9c th\u1ea5p h\u01a1n, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i su\u1ea5t th\u1ea5p h\u01a1n khi t\u00e1i \u0111\u1ea7u t\u01b0. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn c\u00f3 th\u1ec3 n\u1eafm gi\u1eef nh\u1eefng tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n c\u00f3 t\u1ec9 l\u1ec7 l\u1ee3i su\u1ea5t t\u1ed1t h\u01a1n. \u00a0 \u00a0\u00a0<\/p>\n

L\u1ee3i \u00edch c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c Thang tr\u00e1i phi\u1ebfu<\/font><\/h3>\n

Thang tr\u00e1i phi\u1ebfu<\/b> cung c\u1ea5p thu nh\u1eadp \u1ed5n \u0111\u1ecbnh d\u01b0\u1edbi h\u00ecnh th\u1ee9c thanh to\u00e1n l\u00e3i th\u01b0\u1eddng xuy\u00ean \u0111\u1ed1i v\u1edbi c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y c\u0169ng gi\u00fap gi\u1ea3m r\u1ee7i ro v\u00ec danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c\u00a0\u0111a d\u1ea1ng h\u00f3a\u00a0theo t\u1ec9 l\u1ec7 \u0111\u00e1o h\u1ea1n kh\u00e1c nhau c\u1ee7a c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu trong danh m\u1ee5c.<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c thang tr\u00e1i phi\u1ebfu l\u00ed t\u01b0\u1edfng nh\u1ea5t l\u00e0 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 gi\u1ea3m r\u1ee7i ro c\u1ee7a m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh. Trong th\u1ef1c t\u1ebf, chi\u1ebfn l\u01b0\u1ee3c thang tr\u00e1i phi\u1ebfu c\u0169ng b\u1ed5 sung\u00a0thanh kho\u1ea3n\u00a0cho danh m\u1ee5c \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu.\u00a0<\/p>\n

Tr\u00e1i phi\u1ebfu theo b\u1ea3n ch\u1ea5t kh\u00f4ng ph\u1ea3i l\u00e0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 thanh kho\u1ea3n cao hay nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng th\u1ec3 r\u00fat ti\u1ec1n b\u1ea5t c\u1ee9 l\u00fac n\u00e0o m\u00e0 kh\u00f4ng m\u1ea5t m\u1ed9t kho\u1ea3n ph\u00ed. B\u1eb1ng c\u00e1ch mua m\u1ed9t lo\u1ea1t tr\u00e1i phi\u1ebfu v\u1edbi nhi\u1ec1u ng\u00e0y \u0111\u00e1o h\u1ea1n kh\u00e1c nhau, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd \u0111\u1ea3m b\u1ea3o \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n ti\u1ec1n m\u1eb7t c\u00f3 s\u1eb5n trong m\u1ed9t kho\u1ea3ng th\u1eddi gian ng\u1eafn h\u1ea1n. \u00a0\u00a0<\/p>\n

Thang tr\u00e1i phi\u1ebfu hi\u1ebfm khi c\u00f3 \u0111\u01b0\u1ee3c m\u1ee9c l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t qu\u00e1 m\u1ed9t ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng c\u00f3 li\u00ean quan. Do \u0111\u00f3, n\u00f3 th\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 coi tr\u1ecdng kho\u1ea3n ti\u1ec1n g\u1ed1c v\u00e0 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh h\u01a1n m\u1ee9c t\u0103ng tr\u01b0\u1edfng c\u1ee7a danh m\u1ee5c \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

S\u1ef1 \u0111a d\u1ea1ng c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c Thang tr\u00e1i phi\u1ebfu\u00a0<\/font><\/h3>\n

V\u1ec1 l\u00ed thuy\u1ebft, chi\u1ebfn l\u01b0\u1ee3c thang tr\u00e1i phi\u1ebfu <\/b>cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 mua v\u00e0o b\u1ea5t k\u00ec lo\u1ea1i tr\u00e1i phi\u1ebfu n\u00e0o.\u00a0<\/p>\n

Tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7,\u00a0tr\u00e1i phi\u1ebfu \u0111\u00f4 th\u1ecb, tr\u00e1i phi\u1ebfu kho b\u1ea1c v\u00e0\u00a0ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi\u00a0l\u00e0 m\u1ed9t trong nh\u1eefng t\u00e0i s\u1ea3n \u0111a d\u1ea1ng v\u1edbi nhi\u1ec1u ng\u00e0y \u0111\u00e1o h\u1ea1n ri\u00eang m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ch\u1ecdn l\u1ef1a.\u00a0<\/p>\n

M\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn \u00edt ph\u1ee9c t\u1ea1p h\u01a1n c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c thang tr\u00e1i phi\u1ebfu l\u00e0 mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t\u00a0qu\u0129 \u0111\u1ea7u t\u01b0\u00a0tr\u00e1i phi\u1ebfu\u00a0v\u00e0 \u0111\u1ec3 nh\u00e0 qu\u1ea3n l\u00ed th\u1ef1c hi\u1ec7n t\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng vi\u1ec7c li\u00ean quan \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 thang tr\u00e1i phi\u1ebfu. \u00a0 <\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Thang tr\u00e1i phi\u1ebfu (ti\u1ebfng Anh: Bond Laddering) l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 li\u00ean quan \u0111\u1ebfn vi\u1ec7c mua tr\u00e1i phi\u1ebfu v\u1edbi c\u00e1c ng\u00e0y \u0111\u00e1o h\u1ea1n kh\u00e1c nhau, \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng t\u01b0\u01a1ng \u0111\u1ed1i nhanh ch\u00f3ng h\u01a1n v\u1edbi nh\u1eefng thay \u0111\u1ed5i trong l\u00e3i su\u1ea5t.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29726"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29726"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29726\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}