这些契约的隐含波动率最近几月迅速飞升(见上图),显示出投资者对长期利率的信心摇摆。
The implied volatility of these contracts has shot up in recent months (see chart), indicating that investors are uncertain about long-term interest rates.
事实上,美国的利率应当会在较长时期内保持在历史低位窄幅波动。
In fact, US rates should remain range-bound at historically low levels for an extended period.
另外,国内利率或许也会剧烈地波动,这将威胁到中央银行的独立性。
For another, domestic interests may protest fiercely, threatening central bank independence.
本周Lacker说”金融市场内部及自身波动,并不要求改变联邦基金利率的目标值。
“Financial-market volatility, in and of itself, does not require a change in the target federal funds rate, ” said Mr Lacker this week.
这份法案将限制银行在复杂金融衍生品上的交易,此类金融工具经常被公司拿来对冲大宗商品价格或利率的波动。
The legislation would restrict bank trading in complex financial instruments known as derivatives, which are often used by companies to hedge against changes in commodity prices or interest rates.
和过去的衰退进行比较有些复杂,因为美联储并不总是采用联邦基金利率作为目标,且容易出现更大的波动。
Comparing that to past recessions is a bit tricky, because the fed did not always use the federal funds rate as a target, and it tended to be more volatile.
自从1992年意大利退出欧洲汇率机制(ERM)并将自己的货币贬值后,由于投资者信心不足,利率上下波动。
After Italy left the European Exchange rate Mechanism (ERM) and devalued its currency in 1992, for example, it suffered from volatile swings in interest rates due to a lack of investor confidence.
在美国和欧元区,三月期银行间利率和预期央行政策利率之间的波动范围也已增大。
The spreads between three-month interbank rates and expected central-bank policy rates have also risen in America and the euro area.
我们亦关注一旦资金逆转或利率回升,资产价格会有大幅的波动。
We are also concerned that if capital flows were to reverse or interest rates rebound, asset prices would become more volatile.
本文设置了五种利率波动情景和四种资产结构,通过实证来分析这二十种情况的期望盈余和损失概率。
Set five scenes of fluctuation of interest rate and four strategies of adjustment of assets' structure, and demonstrate their expecting surplus and losing probability.
假如想从利率波动中赚取差价,那么可以购买商业银行柜台交易的国债或交易所市场国债。
If want to earn price difference from inside interest rate wave motion, can buy the national debt that commercial bank bar trades or exchange market national debt so.
由于两项利率风险和汇率风险的影响银行绩效,这是一个必须以对冲利率波动和汇率波动。
As both interest rate risk and exchange rate risk influence bank performance, it is a must to hedge against interest rate fluctuation and exchange fluctuation.
由于货币供应量对银行拆借利率和贷款额都有显著影响,因此我们认为它是引起资产价格波动的发动机。
Because the money accommodation quantities will affect the bank's interest rate and loan forehead, we believe the money accommodation quantities are the engine of assets price fluctuation.
其价值波动,根据利率的水平,在总体经济。
Their value fluctuates according to the level of interest rates in the general economy.
此外,定性分析了短期利率、汇率及其波动率变化对期权价格的影响。
In addition, the price evolution of foreign currency option when interest rate and exchange rate and their volatility move, is examined.
汇率和利率频繁而剧烈的波动加剧了企业的经营风险。
Foreign exchange rate and interest rate fluctuating added operating risk for enterprises.
对同业拆借利率及证券市场价格波动建立了双变量回归模型,并对两者的相关性进行实证分析。
By establishing bivariate regression model, this paper makes an empirical analysis on the correlativity between CHIBOR and price fluctuation in securities market.
而国际资本流动对利率、汇率波动的敏感程度较强,微小的利差、汇差就可能导致大范围的货币兑换和套利行为。
Capital flow is sensitive to interest rate and foreign exchange rate, a small spread may lead to large-scale currency conversion and arbitrage activities.
利率的波动会给金融机构带来利率风险:重新定价风险和市场价值变动风险。
The fluctuation of interest rate will bring interest rate risk to financial institutions: repricing risk and market value change risk.
欧洲股市看来对美联储计划在至少两年内维持低利率的消息表示欢迎,但是分析师指出,股市依然高度波动。
European stock markets appeared to welcome the news that the U. S. Federal Reserve plans to keep interest rates low for at least two years, but analysts say the situation remains highly volatile.
就模型对短期利率变化的解释能力和捕捉利率波动的能力而言,各模型也存在着显著的差异。
As to the ability for explanatory power of short-term interest rate and that for capturing conditional volatility, there are remarkably differences among each model.
指因利率的不利波动而带来损失或收入下降的可能性。
The potential for losses or reduced income arising from adverse moves in interest rates.
利率波动对寿险公司的资产市值、负债的真实价值及偿付能力都有重大的影响。
Interest volatility has great influence in both assets and liabilities of life insurance companies, as well as solvency.
利率波动对寿险公司的资产市值、负债的真实价值及偿付能力都有重大的影响。
Interest volatility has great influence in both assets and liabilities of life insurance companies, as well as solvency.
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