[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.abeso.cz\/jakym-zpusobem-se-uroci-dluhopisy\/#Article","mainEntityOfPage":"https:\/\/www.abeso.cz\/jakym-zpusobem-se-uroci-dluhopisy\/","headline":"Jak\u00fdm zp\u016fsobem se \u00faro\u010d\u00ed dluhopisy?","name":"Jak\u00fdm zp\u016fsobem se \u00faro\u010d\u00ed dluhopisy?","description":"Dluhopisy mohou b\u00fdt \u00faro\u010deny velice r\u016fznorodou formou. P\u0159edn\u011b bychom m\u011bli v\u011bd\u011bt, \u017ee rozli\u0161ujeme dluhopisy tzv. kr\u00e1tkodob\u00e9, kter\u00e9 jsou splatn\u00e9 do","datePublished":"2023-05-05","dateModified":"2023-05-05","author":{"@type":"Person","@id":"https:\/\/www.abeso.cz\/author\/#Person","name":"abeso.cz","url":"https:\/\/www.abeso.cz\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/32bc2d377216483c132a3bbf038b8838926e0616f1b3d0e9cb50d997f0b052ba?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/32bc2d377216483c132a3bbf038b8838926e0616f1b3d0e9cb50d997f0b052ba?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"abeso.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.abeso.cz\/wp-content\/uploads\/img_a308377_w2451_t1519468924.jpg","url":"https:\/\/www.abeso.cz\/wp-content\/uploads\/img_a308377_w2451_t1519468924.jpg","height":0,"width":0},"url":"https:\/\/www.abeso.cz\/jakym-zpusobem-se-uroci-dluhopisy\/","about":["Podnik\u00e1n\u00ed"],"wordCount":433,"articleBody":"Dluhopisy mohou b\u00fdt \u00faro\u010deny velice r\u016fznorodou formou. P\u0159edn\u011b bychom m\u011bli v\u011bd\u011bt, \u017ee rozli\u0161ujeme dluhopisy tzv. kr\u00e1tkodob\u00e9, kter\u00e9 jsou splatn\u00e9 do dvan\u00e1cti m\u011bs\u00edc\u016f od data vyd\u00e1n\u00ed, jsou to nap\u0159. depozitn\u00ed certifik\u00e1ty, nebo komer\u010dn\u00ed pap\u00edry. Pak se vyd\u00e1vaj\u00ed st\u0159edn\u011bdob\u00e9 dluhopisy, kter\u00e9 jsou splatn\u00e9 ve lh\u016ft\u011b do deseti let, a u dlouhodob\u00fdch dluhopis\u016f je lh\u016fta splatnosti del\u0161\u00ed ne\u017e 10 let.Dluhopisy se mohou rozd\u011blit podle toho, kdo je vyd\u00e1v\u00e1, tedy zpravidla na st\u00e1tn\u00ed, podnikov\u00e9 (korpor\u00e1tn\u00ed), komun\u00e1ln\u00ed, nebo bankovn\u00ed, ale d\u011bl\u00edme je i podle krit\u00e9ria, jak\u00fdm zp\u016fsobem se \u00faro\u010d\u00ed.\tDluhopis s \u00faro\u010den\u00fdm pevn\u00fdm (s pevn\u00fdm kup\u00f3nem)Jedn\u00e1 se o dluhopis, kdy se po celou dobu jeho trv\u00e1n\u00ed \u00farok nem\u011bn\u00ed. V\u00fdhodou je pochopiteln\u011b mo\u017enost zjistit okam\u017eit\u00fd zisk z v\u00fdnosu, takov\u00e9 dluhopisy v\u0161ak nejsou p\u0159\u00edli\u0161 rentabiln\u00ed v obdob\u00ed, kdy doch\u00e1z\u00ed k ekonomick\u00e9 nestabilit\u011b p\u0159i v\u00fdkyvech ekonomick\u00e9 situace v zemi.\tDluhopis s \u00faro\u010den\u00fdm prom\u011bnliv\u00fdm (variabiln\u00ed kup\u00f3n)Jedn\u00e1 se v\u011bt\u0161inou o dluhopisy s mezibankovn\u00ed sazbou \u00faroku, kter\u00e1 k p\u016fvodn\u00ed referen\u010dn\u00ed hodnot\u011b p\u0159i\u010d\u00edt\u00e1 jak\u00fdsi bonus, vyva\u017euj\u00edc\u00ed p\u0159\u00edpadn\u00e9 riziko. Prvn\u00ed takov\u00e9 dluhopisy se za\u010daly vyd\u00e1vat v 70. letech minul\u00e9ho stolet\u00ed.\tDluhopisy s \u00faro\u010den\u00edm nulov\u00fdmJak napov\u00edd\u00e1 n\u00e1zev, tento dluhopis nen\u00ed \u00faro\u010den a v\u00fdnos je v\u011b\u0159iteli zaji\u0161t\u011bn skrze tzv. n\u00e1kup s diskontem. To znamen\u00e1, \u017ee je v\u017edy tento dluhopis nakupov\u00e1n pod nomin\u00e1ln\u00ed hodnotou, kterou se dlu\u017en\u00edk zav\u00e1zal spl\u00e1cet.\tDluhopis indexovan\u00fdPom\u011brn\u011b \u010dast\u00fd cenn\u00fd pap\u00edr, kdy se \u00farokov\u00e9 (kup\u00f3nov\u00e9) platby m\u011bn\u00ed v z\u00e1vislosti na v\u00fdvoji ceny r\u016fzn\u00fdch komodit na trhu. B\u00fdv\u00e1 to zlato, st\u0159\u00edbro, ropa, zemn\u00ed plyn, apod. Jedn\u00edm z nejzn\u00e1m\u011bj\u0161\u00edch dluhopis\u016f tohoto typu je americk\u00fd st\u00e1tn\u00ed dluhopis Treasury Inflation-Protected Securities, ve zkratce TIPS. V roce 1997 byla vyd\u00e1na prvn\u00ed emise t\u011bchto dluhopis\u016f pod n\u00e1zvem Treasury Inflation Targeted Securities a zkratka TITS pobou\u0159ila n\u011bkter\u00e9 k\u0159es\u0165ansk\u00e9 svazky v USA natolik, \u017ee se nakonec n\u00e1zev musel zm\u011bnit. \u017densk\u00e1 \u0148adra zkr\u00e1tka h\u00fdbou sv\u011btem, pro n\u011bkoho jsou zdrojem p\u0159irozen\u00e9 rozko\u0161e, pro kojence zdrojem ob\u017eivy, a pro n\u011bkoho zdrojem nemravnosti.                                                                                                                                                                                                                                                                                                                                                                                        3.7\/5 - (10 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Jak\u00fdm zp\u016fsobem se \u00faro\u010d\u00ed dluhopisy?","item":"https:\/\/www.abeso.cz\/jakym-zpusobem-se-uroci-dluhopisy\/#breadcrumbitem"}]}]