“国债+回购”无风险理财新选择——国债现券与回购利差套利方法的实用性研究  

"Bonds+Repurchase" Risk-free Money Management New Choice——Practical Research of Bonds and Repurchase Interest Margin Arbitrage Method

作　　者：张超 

机构地区：[1]武汉大学经济管理学院,武汉430022

出　　处：《上海金融学院学报》2010年第2期42-47,共6页Journal of Shanhai Finance University

摘　　要：国债回购具有类似于国债风险低、收益稳定、流动性高的特点,由于我国国债以及证券市场发展的不完善,在国债现券和回购之间长期存在着大约2%～3%的利差。利用国债现券与国债回购之间的利差进行无风险套利,既规避了金融风险,又充分利用了资金的使用价值,其收益高于同期银行存款利率。在目前理财手段并不丰富的背景下,非常值得向投资者推荐。Repurchase similar to bonds with a low-risk,income stability,the characteristics of high mobility,because China＇s bonds as well as the development of securities market imperfections,bonds and repurchase long exist about 2%～3% of interest margin.The use of the interest margin between bonds and repurchase risk-free arbitrage,not only to avoid financial risks,and also takes full advantage of the value for money,and earnings much higher than bank deposit rates.Not a lot of financial means in the current context of very worthwhile recommendation to investors.

关 键 词：国债 回购 理财 利差 套利 

分 类 号：F812.5[经济管理—财政学]