1.05.第5章风险和期限结构如何影响利率素材.ppt

第五章 风险和期限如何影响利率 第一节 利率的风险结构 第二节 利率的期限结构 Chapter Preview 本章主要研究风险对利率的影响和期限结构对利率的影响。 利率的风险结构 Risk Structure of Interest Rates 利率的期限结构 Term Structure of Interest Rates 第一节 利率的风险结构 To start this discussion, we first examine the yields for several categories of long-term bonds over the last 85 years. You should note several aspects regarding these rates, related to different bond categories and how this has changed through time. Risk Structure of Long Bonds in the U.S. Interest rates of bonds with different risks /release/h15/data.htm Two important features of interest-rate behavior fo