The face value of this invention was great.

这项新发明的票面价值是巨大的。

So basically, if I own a bond with a certain coupon and interest rates rise, the underlying value of my bond goes down.

所以基本上， 如果我拥有一定票面的债券并且利率上升，我的债券的基础价值降。

Goldman Sachs, a bank, reckons that the average coupon rate on speculative-grade floating-rate loans in America has already soared to 8.4%, up from 4.8% a year ago (see chart 3).

高盛计，美国投机级浮动利率贷款的平均票面利率已从一年前的 4.8% 飙升至 8.4%（见图 3）。

The average coupon rate that issuers actually pay on American investment-grade corporate bonds is currently 3.9%, well below the yield of 5.3% that the market is pricing in at the moment.

发人为美国投资级公司债券实际支付的平均票面利率目前为 3.9%，远低于目前市场定价的 5.3% 的收益率。

Nonetheless, while there have always been complaints among fans, the Chinese public seems to have long gotten used to the idea of having to pay far more than the face value for a hot ticket.

尽管如此，算粉丝们总是抱怨，但中国公众似乎早习惯了为一张热门票支付远远超过票面价值的费用。