...违约风险(default risk),指交易一方不愿或无力支付约定款项而交易另一方遭受损失的性;另一是信用价差风险(credit spread risk),指信用品质的引起信用价差的而的损失。
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新投资者的出现,部分导致了信用价差(Credit spreads)(公司为补偿违约风险而付出的额外收益)强烈震荡 。
The advent of these new investors may have been responsible for some wild swings in credit spreads (the excess yields paid by companies to reflect the risk of default).
本文通过研究企业债券的信用价差,来认识企业债的信用风险,有利于债券市场信用风险的管理。
In this thesis, we will study the credit spread in order to understand the credit risk of corporate bonds, and to promote the credit risk management in the bond market.
信用风险溢价是指具有信用风险的企业债券的收益与相对无信用风险的国债的收益之间的差异(即信用价差)。
Credit risk premium is the differences between the yields of corporate bonds with credit risk and Treasury bill relatively with no credit risk (that "s credit spread)."
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