信贷调控与票据价格波动  

Credit Controls and Discount Price Fluctuations

作　　者：王成涛 

机构地区：[1]广东华兴银行票据部

出　　处：《金融市场研究》2020年第2期99-103,共5页Financial Market Research

摘　　要：统计显示,信贷因素大约决定了直贴端与转贴端10%—50%的票据利率波动。与资金相比,信贷因素独立影响票价的作用似乎更强。同时,资金价格走势仍然决定了票价的基本盘,更容易与其他因素合力引致利率变化。Statistics show that credit factors determine approximately 10%-50% of fluctuations in discounted bill interest rates. Compared with funds, credit factors independently seem to have a stronger effect on bills pricing. At the same time, trends in the cost of funds still determine market pricing fundamentals, and they can combine with other factors to cause changes in interest rates.

关 键 词：票据利率 信贷 波动 

分 类 号：F832.2[经济管理—金融学] F832.4