For lack of T\|bond price index in the Shanghai Securities market,the authors certifies in detail the theoretical significance and practical values of the index,probes into its compilation methods and amendment method...For lack of T\|bond price index in the Shanghai Securities market,the authors certifies in detail the theoretical significance and practical values of the index,probes into its compilation methods and amendment methods,makes a thorough empirical study of the index by using data.展开更多
Aiming at the feature of state treasury bonds price that it mainly depends on its interest rate and maturity date,this article studies the efficiency of bonds market from the reaction of its price to the cut\|down of ...Aiming at the feature of state treasury bonds price that it mainly depends on its interest rate and maturity date,this article studies the efficiency of bonds market from the reaction of its price to the cut\|down of interest rate by central bank with the event study method.And indicates that the current market is not a semi\|strong form of efficient market,although its efficiency is being improved continuously.展开更多
文摘For lack of T\|bond price index in the Shanghai Securities market,the authors certifies in detail the theoretical significance and practical values of the index,probes into its compilation methods and amendment methods,makes a thorough empirical study of the index by using data.
文摘Aiming at the feature of state treasury bonds price that it mainly depends on its interest rate and maturity date,this article studies the efficiency of bonds market from the reaction of its price to the cut\|down of interest rate by central bank with the event study method.And indicates that the current market is not a semi\|strong form of efficient market,although its efficiency is being improved continuously.
