其次,阐述国债利率期限结构理论和收益率曲线模型;
Secondly, the theory of interest rate term structure is explicated and the model of profit rate curve is established;
利率期限结构理论就是,怎样由不同的期限,产生不同的利率?
The theory of the term structure is the theory of how interest rates differ according to maturity or term.
这意味着,在最简单的利率期限结构理论,即利率期限结构的预期理论中
That means, in the simplest-- it's called the expectations theory of the term structure.
The theory of the term structure is the theory of how interest rates differ according to maturity or term.
利率期限结构理论就是,怎样由不同的期限,产生不同的利率
That means, in the simplest-- it's called the expectations theory of the term structure.
这意味着,在最简单的利率期限结构理论,即利率期限结构的预期理论中
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
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