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为了适应银行间债券市场的迅速发展,配合6月1日国有商业银行推出的柜台国债交易,全国银行间同业拆借中心于2002年6月10日推出了“银行间债券指数”。“银行间债券指数”由两个指数构成,即反映市场基准的“银行间国债指数”和反映市场总体价格走势的“银行间债券综合指数”。“国债指数”的指数样本只包括目前在银行间债券市场流通的固定利率国债,目的是为市场提供一个一年以上无风险债券报酬的指标,作为无风险债券收益的基准(Benchmark)。而“综合指数”的指数样本则涵盖了银行间债券市场流通的所有固定利率和浮动利率国债、金融债和企业债,目的是为市场提供一个一年以上整体债券报酬的指标,以真实反应整体债券市场的价值状况,同时也作为整体债券市场收益的基础标准。
In order to adapt to the rapid development of the inter-bank bond market, in line with the counter government bond transactions launched by the state commercial banks on June 1, the National Inter-bank Borrowing Center launched the “inter-bank bond index” on June 10, 2002. The “inter-bank bond index” consists of two indices, the “inter-bank bond index” that reflects the market benchmark and the “inter-bank bond index” that reflects the overall market price movements. The Treasury Index index sample includes only fixed-rate government bonds currently circulating in the inter-bank bond market to provide the market with an indication of the return of risk-free bonds over one year as a benchmark for risk-free bond yields. The index sample of “composite index” covers all the fixed and floating rate treasury bonds, financial bonds and corporate bonds circulating in the inter-bank bond market. The objective is to provide the market with an indicator of overall bond remuneration of more than one year in order to be truthful Reflect the value of the overall bond market, but also as a basis for the overall bond market returns.