应用GARCH模型对我国股票波动率进行应用预测分析，结果表明模型对波动率进行了很好的预测。
The paper applies GARCH model to forecast stock volatility in Chinese stock markets. The conclusion reveals that the model predicts well.
大多数对风险的测量，例如股票市场波动或者公司和上升市场债券的收益率差（超额收益），都显示它很低。
Most measures of risk, such as stockmarket volatility or the spread (extra yield) on corporate and emerging-market bonds are low.
债券具有提供稳定收益的优点，目前的债券收益率非常高；债券和股票相比，其价格波动小；而且对公司资产具有更高的法律索偿权。
Bonds have the merit of providing steady income, at rates that are now very high; they tend to be less volatile than stocks; and they have a higher legal claim on a company's assets.
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