“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":A New Choice of Risk-Free Money Management——Practical Research on Bonds and Repurchase Interest Margin Arbitrage

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,其收益远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。

Similar to the treasury bonds,bonds repurchase has the characteristics of low risk,stable income,and high mobility.Because of the imperfect development of China＇s bonds and securities market,there has been an interest margin of about 2%~3% between the bonds and repurchase for a long time.Using the interest margin to make risk-free arbitrage,we can not only avoid the financial risks,but also take full advantage of the use value of capital,and the earnings is much higher than the same term bank deposit rates.Under the background of no abundant means to manage money,it deserves to be recommended to investors.