发展浮动利率票据,完善债券市场

Developing floation rate notes to perfect the bond market

由于浮动利率票据在配置不同的风险收益组合、转移市场风险、降低交易成本和推进利率市场化方面的积极作用,国内发展浮动利率票据对于完善债券市场具有重要意义。该文介绍了浮动利率票据的结构特征、投资价值以及风险类别,并就如何培育浮动利率票据市场提出若干发展建议。

Considering the positive role floating rate notes play in creating different risk and profit portfolios, transferring market risk, cutting trading costs and promoting interest rate liberalizaUon, it is of great significance for China to develop floating rate notes so as to perfect the bond market. This paper not only sketches the structural features, investment significance and risk categories of floating rate notes, but also gives some recommendations for ways to foster a floating rate note market.