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我国未来5~10年的利率水平将呈逐渐走高的趋势,在这种情况下,国债投资者急需一个产品来对冲利率风险。甚至有市场人士认为,称国债期货是专为银行解决利率风险设立的对冲工具也不为过,只是目前主角尚未粉墨登场。阔别18年后,国债期货于今年9月6日正式归来,这个曾经制造了“327国债事件”的“坏孩子”终于重回资本市场,成为推动利率市场化、人民币国际化与改善债券市场流动性的重要衍生品。上市当日证监会主席肖钢表示,作为我国第一个场内利率衍生品,国债期货上市标志着我国期货衍生品市场进入了
In the next 5 to 10 years, the interest rate of China will gradually rise. In this case, the bond investors urgently need a product to hedge their interest rate risk. Some market participants even think it is fair to say that the bond futures are a hedging instrument specially designed to solve the interest rate risk of the banks. Only the current protagonist has not yet appeared on the stage. After 18 years of absence, the bond futures officially returned on September 6 this year. The “bad boy” who once made the “327 Treasury Bonds” has finally returned to the capital market and has become the catalyst for the marketization of interest rates and the internationalization of the renminbi. Key derivatives to improve liquidity in the bond market. Xiao Gang, chairman of the SFC on the date of listing, said that as China’s first on-the-market interest rate derivatives, the listing of bond futures marked the entry of China’s futures derivatives market