美元指数对中国债券市场的影响机制研究

On Mechanism of Influence of the Dollar Index on China's Bond Market

本文分析了美元指数对中国债券市场的影响渠道,发现美元指数已经成为影响中国债券市场的重要因素,并对美元指数影响中国债券市场的效果进行了实证分析,在此基础上以投资者资产配置均衡模型讨论美元指数影响中国债券市场的直接体现。

By analyzing the channels that the US dollar index exerts impacts on China's bond market,the thesis finds that the US dollar index has been an important factor upon China's bond market.It makes empirical analysis of the effects of the US dollar index on China's bond market.On this basis,the article introduces the asset allocation equilibrium model of investors to discuss the direct reflection of the US dollar index on China's bond market.