长期国库券期货证券期货产生于本世纪７０年代。当时，由于两次石油危机的影响，西方各国困扰于的“滞账”状况。即经济停滞和通货膨胀并存。为了对付通货膨胀，便提高利率，而一旦利率提高，又导到经济停滞，失业率上升，于是银行又被迫降低利率，这样，物价又再度回升。... Long-term treasury bills Futures securities futures originated in the 70s of this century. At that time, due to the two oil crises, western countries were beset by the “stagflation” situation. That is, economic stagnation and inflation co-exist. In response to inflation, interest rates have been raised. Once the interest rate rises and the economy stagnates, the unemployment rate rises. As a result, banks are forced to lower their interest rates again. As a result, prices rise again. ...