1991年底，北京证券交易中心首次开办国债回购业务。
At the end of 1991, the securities trade center of Beijing began to deal with Repo trading.
建立描述中国金融市场国债回购利率行为的随机波动利率期限结构模型。
It builds up a stochastic volatility interest rate term structure model to describe the behavior of financial market repo rate of national debt in China.
质押式国债回购中质押登记规则的缺漏使国债现券的质押功能基本丧失。
In pledging T-bond (Treasury bond) repurchase, the lack of pledge registration rules makes the function of the ready certificate of T-bond lost primarily.
导致中国证券公司破产与股市资金链断裂的重要原因之一是国债回购业务。
One of key factors that causes the bankruptcy of the security company and the rupture of cash chain is the business of state owned bond repurchase.
建立起了全国统一的银行间拆借市场，初步形成票据贴现市场和国债回购市场。
Stock market is developing rapidly, a uniform market for inter-bank borrowing and lending has been set up, bill discounting market and Treasury bond market have come into being.
随着我国国债发行规模的不断扩大，国债回购市场也逐渐发展壮大，市场交易日渐活跃。
Along with the continuous enlarging of our bond publishing scale, the Treasury bond repo market is also gradually developing and getting strong.
国债回购市场由国债市场而派生，国债市场的规模、种类等影响和制约着国债回购市场的活跃程度；
As a derivative market of bond market, the repo market is greatly affected by the bond market in aspects of scale, category, etc.
国债回购的会计处理并不能从根本上解决国债回购危机，但可为从制度上解决国债回购危机奠定基础。
The accounting treatment of the state owned bond repurchase cannot solve the crisis of the business fundamentally, but it can be a good basis to systematically solve the crisis.
以国债回购利率为研究对象，分别建立ARIMA及GARCH模型，并比较这两种模型的预测能力。
The repo rate of the national bond is analyzed and ARIMA and GARCH models related to the rate are established in this paper.
与以往其他研究不同，本文对国债回购的理论基础进行了归纳总结，提出了国债回购产生的四个理论支持。
Quite different with the other researches, this essay starts with the induction of theories concerned and finds out four theoretic supporters.
结合国债回购问题存在的市场分割、交易主体和货币资本市场等三方面原因，探讨了国债回购与现券套利解决现存问题的效果。
It puts forward the effect of the method by the arbitrage combing with the three reasons in the markets, members and money capital market aspects.
利用国债现券与国债回购之间的利差进行无风险套利，既规避了金融风险，又充分利用了资金的使用价值，其收益远高于同期银行存款利率。
Using this interest margin for risk-free arbitrage not only avoids financial risk but also takes full advantage of fund value, getting much higher profits than bank deposit rates.
通常情况下，投资者在所谓的回购市场上隔夜借出美国国债，次日收回并获得一小笔利息收入。
Investors lend out Treasuries overnight in the so-called repo market, and get the bonds and a small interest payment back the next day.
但不可忽视推出国债买断式回购衍生新的交易模式所可能引起的金融风险，本文对此提出了相应的风险防范对策。
This paper analyzes both the new trading pattern and the potential risks triggered by the launch of outright repo, and proposes some risk-warding suggestion.
现在超过30%的抵押品是美国国债，经融机构如投资银行在2万亿美元的“三方回购”市场中用来借债，作为隔夜资金的一个来源。
They aremore than 30% of the collateral that financial institutions such as investmentbanks use to borrow in the $2 trillion "tri-party repo" market, a source of overnightfunding.
自从3月18日美联储主导回购债券后，美国债券收益上周上涨到16%，因此美元的弱势地位排在其次。
Dollar stands behind sterling in the rank of worst perfomers of the day as US bond yields are up 16% since their Fed-driven collapse on March 18.
自从3月18日美联储主导回购债券后，美国债券收益上周上涨到16%，因此美元的弱势地位排在其次。
Dollar stands behind sterling in the rank of worst perfomers of the day as US bond yields are up 16% since their Fed-driven collapse on March 18.
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