核心金融理论前导课-金融英语-固定收益.pdfVIP

全球财经 培训领导品牌 Fixed-In e Securities Content • The money market • The bond market • Securitization The money market A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year. FRM学员服务部： 咨询： 邮箱：frm@gaodun.cn 网站： 全球财经 培训领导品牌 The money market Money market securities consist of negotiable s of deposit (CDs), bankers acceptances, U.S. Treasury bills, mercial paper, municipal notes, federal funds and repurchase agreements (repos). The money market The money market is typically seen as a safe place to put money due the highly liquid nature of the securities and short maturities, but there are risks in the market that any investor needs to be aware of including the risk of default on securities such as mercial paper. Treasury Bill – 短期国债 A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T- bil re sold in denominations of $ 1,000 up to a um purcha f $5 million and monly h e maturities of one month (four weeks), three