As this risk premium varies, it might overwhelm the effects of interest-rate changes.

由于风险的不同，风险因素可能压倒利率变化因素。

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Credit spreads-that is to say, the risk premium over and above the riskless rate of interest-widened to unprecedented levels and eventually the stock market also was overwhelmed by panic.

信用利差(即高于无风险利率的风险溢价)被放大到前所未有的程度，并且导致股票市场充斥着恐慌情绪。

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One possibility is that investors demand a risk premium, separate from the better interest rate, to compensate them for investing in a foreign currency.

一个可能的解释就是，外汇投资者除了期望汇率变化产生的利润外，还希望得到风险贴水。

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Long bonds usually have higher coupons than short ones, as investors demand a premium for exposure to the risk of interest-rate rises and inflation.

ECONOMIST: Buttonwood

Bonds pay interest based on the expected inflation rate until maturity, plus a fair risk premium over inflation based on the riskiness of the bond.

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The remaining yield on longer-term bonds is a risk premium that is commensurate with U.S. interest-rate volatility (Japanese risk premiums are lower, but they also have nearly zero interest-rate variability).

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