利率期货产生于二十世纪七十年代后期的美国。
The interest rate futures originates in the United States in the 1970s.
本文就是在这样的背景下研究了利率期货的定价问题。
Consequently, this paper is going to explore the pricing of interest rate futures.
然后分别用持有成本模型和利率期限结构模型推导出了利率期货的定价公式。
Then, the pricing formula of interest rate futures will be deduced by analyzing both cost of carry models and interest rate term structure models.
随着中国利率市场化的推进，利率风险日益显现，推出利率期货是大势所趋。
With the rapid progress of China marketization of interest rate, the interest rate risks emerge gradually, and the promotion of interest rate futures is going with the tide.
加上利率期货之间和汇率的相关性，这是非常有可能产生诸如商品期货套期保值对冲头寸。
Together with correlation between interest rate futures and exchange rate, it is very likely to produce hedge positions for hedge commodities such as futures.
本文研究局限之处是对利率期货转移、转移后的继续涉入，对嵌入利率期货等问题没有涉及，尚有待于进一步深入研究。
The deficiencies of the dissertation are that it doesn't refer the problems of IRFs transfer, continue to involve IRFs transferred, embeded IRFs, etc, which all need to be further studied.
纽约泛欧交易所集团(NYSEEuronext)旗下的新期货交易所nyse Liffe已宣布将于第三季度推出利率期货合约。
NYSE Liffe, a new futures exchange owned by NYSE Euronext, has said that it will launch interest-rate futures contracts in the third quarter.
尽管有所有这些指标，但压倒性的市场观点依然是，期待已久的加息终将来临，联邦基金利率期货市场走势显示，美联储加息几率为76%。
Despite all these measures, market opinion remained overwhelming that the long-awaited rate rise would at last arrive, with the Fed Funds futures market putting the chances at 76 per cent.
债券交易商可以在利率期货市场上(interestrate futures market)通过对冲(hedging)规避利率风险。
Traders can trade away the underlying interest rate risks by hedging in the interest rate futures market.
联邦基金期货的价格表明，投资者认为短期利率很有可能在未来几个月内降低。
The prices of federal-funds futures suggest that investors think short-term interest rates are likely to decline within a few months.
而期货市场上则普遍认为，在3月，银行利率将会涨到11.75%，并且在年末达到13%。
The futures market is pricing in another interest rate increase in March to 11.75%, and is betting on a further increase to 13% by the end of this year.
期货市场以很高的概率预期，到今年11月份，联邦基金利率将从当前接近于零的水平提升到0.5%。
Futures markets are pricing in high odds of a federal-funds rate of 0.5% by November, up from near zero now.
期货市场预计美联储最晚将在11月会议之前把联邦基金目标贷款利率从当前近乎为零的水平提高至0.5%。
Futures markets expect the central bank to raise its target federal-funds lending rate to 0.5% by its November meeting, if not sooner, from current near-zero levels.
芝加哥交易所集团期货交易昨天显示，(CME GroupInc .)基准贷款利率(the benchmark lendingrate)将在2011年4月提升得可能性为37.6%。
Futures traded on the CME Group Inc. exchange showed a 37.6 percent likelihood yesterday that the benchmark lending rate will be raised in April 2011.
期货市场的定价已经开始疏远美元了。阿联酋为了抑制投机在11月22日下调短期利率。
Futures markets are already pricing in a slight loosening of the dollar peg-though the UAE's central bank sought to quell speculation on November 22nd by cutting short-term interest rates.
期货市场预计到2012年6月欧元区的短期利率将上浮到2.5%左右，而美国仅有1%。
The futures market expects that by June 2012 short-term rates in the euro area will be around 2.5%, compared with just over 1% in America.
美联储早已用它的低利率信贷骗局把整个金融系统粘成一团浆糊;现在只是问题扩散到的商品期货,实实在在的痛才开始被感觉到.
The Fed has gummed up the entire financial system with its low-interest credit scam; now it's on to commodities where the real pain is just beginning to be felt.
如果他们保持利率稳定，美元可能变弱，而商品期货或许迎来一轮上涨。
If their rates are stable, the dollar could weaken, and commodities might get a lift.
例如，有利率与欧洲美元期货的关系。
For example, there's relation between interest rate and Eurodollar futures.
期货市场的交易员们预计，今年11月前美联储将把其基准的联邦基金利率上调50个基点至0.5%，该利率自2008年12月以来一直处于接近于零的水平。
Traders in future markets anticipate the fed will hike its benchmark federal funds rate — which it has been holding near zero since December 2008 — to 0.5% by November.
利率、汇率、保险费率、证券及期货价格，适用有关法律、行政法规的规定，不适用本法。
Interest rates exchange rates insurance premium rates securities and futures prices shall be subject to related laws or administrative decrees instead of this law.
同时，介绍了期权、期货和利率互换三种金融衍生工具的实际应用。
Meanwhile, it introduces three kinds of financial derivative tools: Finance Future, Finance Option and Interest Rate Swap.
本文讨论了随机利率下股票指数期货的价格区间。
In this paper, we discuss the price interval of stock index futures with stochastic interest rates.
联邦基金期货的价格则使联邦储蓄今年的利率下调变得几乎不可能。
The price of federal-funds futures suggests little chance of a rate cut from the federal Reserve this year.
利率、汇率、保险费率、证券及期货价格，适用有关法律、行政法规的规定，不适用本法。
Interest rates, exchange rates, premium rates, securities and futures prices shall be governed by the provisions of the relevant laws and administrative rules and regulations, other than this law.
并且在诸如股票、利率、股指期货等标的资产的交易市场中，人们往往希望知道标的资产未来价格的波动率，从而知道该资产的未来风险结构。
The volatility of the future prices of the underlying assets which can be stocks, interest, futures and so on, is a wonder. When one knows the volatility, risk structure of those assets is in hand.
美联储下一次调整利率的会议将在万圣节落下帷幕。会议也会商定国债期货的价格。金融市场期望能够得到好的消息。
The next meeting of the Federal Reserve's rate-setting committee falls on Halloween, and judging by the price of Fed futures, financial markets expect a treat.
美联储下一次调整利率的会议将在万圣节落下帷幕。会议也会商定国债期货的价格。金融市场期望能够得到好的消息。
The next meeting of the Federal Reserve's rate-setting committee falls on Halloween, and judging by the price of Fed futures, financial markets expect a treat.
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