开展利率期货交易的条件日趋成熟  

Time for interest rate futures

作　　者：褚玦海 鲍建平 

机构地区：[1]上海期货交易所发展研究中心

出　　处：《中国货币市场》2003年第6期44-47,共4页China Money

摘　　要：利率期货是指以债券类证券为标的物的期货合约。随着我国利率市场化进程的加快,债券现货市场规模的扩大,期货市场规章制度不断健全,国债发行和交易、结算制度趋于完备,市场外部条件不断改善。开展利率期货交易的条件基本成熟。Interest rate futures refer to futures contracts with fixed-income securities as the target. At present, China's interest rate liberalization has been accelerated and the cash bond market has been expanding with a better system for issuing, trading and clearing. Concurrently, regulations for the futures market have been perfected, and the external conditions of the market have been improved. Therefore, it is the right time for the introduction of interest rate futures.

关 键 词：利率期货交易 金融市场 中国 美国 利率风险 长期国债 债券现货市场 货币政策传导机制 国债期货 

分 类 号：F832.5[经济管理—金融学]