固定收益證券thppt課件-文庫吧資料
2025-05-12 22:05本頁面
【正文】 asury has also argued that the issuance of indexed bonds might reduce the cost of public debt. 5， With the introduction of TIPS, firsttime investors have a reliable financial security to hedge in the long term against the risks of inflation. 6， by borrowing in indexed securities, the revenues and the expenditures of the federal government are affected by the rate of inflation. 7， In the short run, the market for TIPS is likely to be not very liquid ? Relatively small amounts ? lower yields ? investors in TIPS do not trade actively 8， One risk associated with investing in inflationindexed bonds is the risk that the index could undergo some future changes, which can adversely affect the investors who currently hold the security. TIPS的設(shè)計(jì) (a) choice of index, (b) indexation lag, (c) maturity position, (d) strippability, (e) tax treatment, (f) cashflow structure. (a) choice of index ? The integrity of the index must be beyond any doubt ? the index should be maintained and updated in a scrupulous manner so that it reflects the true cost of a representative consumption basket. ? The danger that investors might face in the c
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