中国国债市场效率问题探究.pdf

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Abstract market.Ⅵ‰n formarket tomakeinterestdecide Itisbasic by request economy interestdeviatesfrom willaffectwholeinterest equilibrium,it systemthrou曲 interestbecauseit interestoftreasurebondisbasic risk.frameandterm.frame.The cannot reflectsthe hasnocredit bedisturbeddefault,and risk,it by only relationship betweenandterm.The oftreasurebondinterest an yield efficiency dependson to the efficienttreasurebondmarket.nlisarticleistodiSCUSShow emcieney improve oftreasurebondmarket. oneasallintroductionofthis the Chapter dissertation,revealedbackground,the of also some of andmainconclusions thoughts mystudy.Itexplains objects,train importantconcepts. two the oftreasurebondissuemarket.First,we Chapteranalysesefficiency introducethe ofthe oftreasurebondissue we C012Cept efficiency market.Secondly of revelationand discusshowto mechanisminformation complete issue—price factorsthataffect contractand discusso也er revelation.includingauction.Finally,we the ofissue asthe

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