摘要
我国货币市场息差交易作为一种套利交易模式,需要满足一定的市场条件才能稳健获利。该文分溢价和折价债券两种情况推导并归纳了息差交易获利前提的实质,并指出在谨慎投资决策前,应判断市场条件是否成立,并进行相应的风险识别。
As a hedge instrument, carry trade in China＇s money market can only make profit under certain conditions. In the cases of premium bonds and discount bonds, the authors point out the essence of the conditions for profiting from carry trade, According to the paper, there must be risk identification and analysis of these conditions before prudential investment decision-making.
出处
《中国货币市场》
2008年第9期34-36,共3页
China Money
关键词
息差交易
获利条件
净价成本
carry trade, profiting conditions, net-price cost
