Although money-market funds had enough fresh investment to fill this gap, they chose to put most of their new money into safer government bills.
尽管货币市场基金新鲜血液充足,足以填补缺口,但是他们选择用新增资金购买更安全的国债。
The first step is to take yields on gilts (government bonds) and treasury bills (the closest instrument to cash) in each year and rank them in descending order of the gap.
第一步,每年通过金边债券(国债)和短期国债(与现金就接近的金融产品)获得收益,并且依收益差距递减排列。
This thesis comes from a research topic "Government Cash Management and T-Bills Operation", which is cooperated by the People's Bank of China and Chinese Finance research Institute of SWUFE.
本文的选题源于中国人民银行与中国金融研究中心合作课题《国库现金管理与国债市场操作》。
Yields on three-month bills neared zero, and prices of longer-dated government debt posted big gains.
三个月期美国国债的收益率已接近于零,而中、长期美国国债的价格则大幅上扬。
Yields on three-month bills neared zero, and prices of longer-dated government debt posted big gains.
三个月期美国国债的收益率已接近于零,而中、长期美国国债的价格则大幅上扬。
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