开放式回购的交易策略及风险防范

The Strategies of Open-ended Repo Trade and the Relevant Precautions

流动性不足是我国债券二级市场的一个重要缺陷 ,开放式回购的推出将大大增强债券市场流动性。任何一个事物都是有利有弊的 ,开放式回购也有着比封闭式回购更大的风险 ,对其风险进行深入分析 。

There are a serious problem of liquidity on the second market of our bond market.The trade of outright repo will increase the bond liquidity.On the other hand,the risk of outright is larger than the close-ended repo.This research analyzes the risk and points out the measures to reduce the risks.