做好信用研究、把握好投资时机是在信用债上取得成功的关键要素。信用债券与政府债券最显著的差异就是存在信用风险,所以信用债券比国债有着更高的收益。而一旦债券发行人出现破产违约,则可能导致投资者遭受本金损失。如果对信用债券的投资时机不当,投资者也可能会遭受重大损失。 Doing a good job in credit research and grasping the timing of investment is a key element in the success of credit debt. The most significant difference between credit bonds and government bonds is the existence of credit risk, so credit bonds have higher yields than government bonds. And once the bond issuer bankruptcy breach, it may cause investors to suffer a loss of principal. Investors may also suffer heavy losses if they improperly invest in credit bonds.