并通过无风险利率与到期期限之间的函数关系来确定无风险利率的期限结构。
The term structure of riskless interest rates was established by the relationship between riskless interest rates and the terms of mature.
我们先讲贴现债券,然后是附息债券,再讲讲利率的期限结构,以及为什么要有利率?
We're talking about discount bonds, and then coupon-carrying bonds, and then talk about the term structure of interest rates and why we have interest rates.
一年期国债利率的期限结构图,现在没有了,但你们看过了,一年期和两年期的国债利率。
I showed you a one-year Treasury bill rate for right now — that's not right now, but you can see I have a one-year and a two-year Treasury bill rate.
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
We're talking about discount bonds, and then coupon-carrying bonds, and then talk about the term structure of interest rates and why we have interest rates.
我们先讲贴现债券,然后是附息债券,再讲讲利率的期限结构,以及为什么要有利率
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
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