repo market

The Decision Making Model of Bond Exchanging Market and Bond Repo Market

国债二级市场和国债回购市场的投资决策模型研究

The second part analyzes the current situation and problems in Chinese Treasury bond repo market .

第二部分分析我国国债回购市场的现状和存在问题；

The fourth part proposes the suggestions for Chinese Treasury bond repo market reform .

第四部分提出改革和完善我国国债回购市场的基本思路。

The whole repo market splits into inter-bank market and exchanging market .

整个回购市场分割为银行间市场和交易所市场。

The repo market , loans offered against treasury bonds , would freeze up .

回购市场以及由美国国债作为抵押担保的贷款将会冻结。

Or consider the enormous repo market .

再以规模庞大的回购市场为例。

Limited by factors of history and the developing level of security market , Treasury bond repo market in China has many problems .

中国的国债回购市场由于历史遗留因素及整个证券市场发展现状的制约，至今仍然存在许多问题。

It could present problems for money market funds and for the repo market which has technical difficulties operating near zero rates .

这可能给货币市场基金和回购市场带来问题，回购市场要在接近零利率的区间运行，存在技术上的难度。

In the same time , the repo market affects inversely the bond market 's issuance , scale and development .

同样的，国债回购市场的规范和发展也反过来影响着国债的发行和流通。

A greater supply of Treasuries could improve lending in the repo market over the next few days , said traders .

交易员表示，扩大国债供应，可能会改善未来几天回购市场的借贷情况。

The LTRO has reduced the reliance by some banks on funding from the repo market .

长期再融资操作已经降低了一些银行对回购市场资金的依赖度。

Along with the continuous enlarging of our bond publishing scale , the Treasury bond repo market is also gradually developing and getting strong .

随着我国国债发行规模的不断扩大，国债回购市场也逐渐发展壮大，市场交易日渐活跃。

As a derivative market of bond market , the repo market is greatly affected by the bond market in aspects of scale , category , etc.

国债回购市场由国债市场而派生，国债市场的规模、种类等影响和制约着国债回购市场的活跃程度；

Investors lend out Treasuries overnight in the so-called repo market , and get the bonds and a small interest payment back the next day .

通常情况下，投资者在所谓的回购市场上隔夜借出美国国债，次日收回并获得一小笔利息收入。

The third part introduces the actual state of Treasury bond repo market in the developed countries and summarizes some experiences , which we can use for reference in China .

第三部分介绍发达国家国债回购市场的发展情况，并总结出可供我国借鉴的若干经验；

Tarullo , however , is chiefly worried about banks using the repo market to get short-term loans to fund longer-term riskier assets .

但塔鲁洛主要担心的是银行使用回购市场获得短期资金，然后用于长期高风险资产。

But when the crisis erupted at Bear Stearns and Lehman Brothers in 2008 , the importance of the repo market became clear .

但当2008年贝尔斯登（bearstearns）和雷曼兄弟爆发危机时，回购市场的重要性已变得很明显。

China 's CSD has been established against the background of high cost of financial system risks triggered by disorders in bond repo market and paid by the whole economy .

中国的中央托管结算机构是在社会经济为不规范的国债回购所引发的系统性金融风险付出巨大代价的背景下应运而生的。

This article analyses interbank offer market and bond repo market in China and interest rates liberalization process in this market , then points out the achievement and the existing drawback .

本文考察了全国银行间拆借市场和债券回购市场，分析了该市场的利率市场化进程，指出了其目前取得的成就与存在的不足。

The reluctance to lend between banks and other investors has also created chaos in the government repurchase or repo market , another important source of short-term funds for banks .

银行与其它投资者之间的惜贷状况，也使政府回购市场陷入混乱。政府回购市场是银行短期资金的另一个重要来源。

It also means market infrastructure in all these markets in derivative markets , in securities lending , in the repo market has to be able to absorb failure and contagion .

这也意味着所有这些市场衍生品市场、证券借贷市场、回购市场等的基础设施，都必须能够消化失败及其恶劣影响。

The share of interbank tri-party repo market – in which a custodian bank helps to administer a repo agreement between two parties – also dropped slightly .

由托管银行在双方之间协助执行回购协议的银行间三方回购市场的份额也略有下降。

An example of this happened earlier this month , when the FSB took aim at a key segment of the shadow banking world – the repurchase , or repo market .

本月，金融稳定委员会把目标对准影子银行的一个关键部分&回购市场，便是一例。

To that end , the Hong Kong Monetary Authority is implementing the proposal to develop a Hong Kong dollar repo market to facilitate interbank lending , especially at the longer end ;

为此，香港金融管理局正落实建议，发展港元回购市场，以期促进银行同业借贷（特别是较长期的贷款）；

Extremely low short-term interest rates in the US are sharply eroding the functioning of the government repurchase or repo market , a foundation stone for the financial system and trading Treasury debt .

美国极低的短期利率水平正大幅侵蚀着政府回购机能，即回购市场，这一市场是金融体系和美国国债交易的基石。

Restrictions on these funds ' short-term lending distort the cost of borrowing and have a knock-on effect for banks , among others , which rely on short-term transactions in the repo market .

此类基金的短期放贷受到限制，这扭曲了举债成本，对依赖回购市场进行短期融资的银行等机构造成了连带影响。

Driven by a flight to safety by investors and expectations of rate cuts , such conditions are creating problems in the repo market , where investors borrow Treasuries in return for short-term cash loans .

在投资者资金撤往安全品种及降息预期的驱动下，这些状况正在回购市场中造成问题，投资者在回购市场借入美国国债以提供短期现金贷款。

In the heat of the crisis there was a run from money market funds , which lost a tenth of their deposits in a two-day period ; meanwhile , the repo market threatened to collapse .

在金融危机最为严重的时期，货币市场基金遭遇大规模赎回，两天内基金规模缩小了十分之一；与此同时，回购市场面临崩溃的危险。

' We have been looking closely at the reverse repo market since last month , ' said Mr. Wang , the Shanghai-based investment consultant , referring to the instruments traded on China 's interbank market .

驻上海的投资顾问王伟表示，自上个月以来他们一直在密切关注逆回购市场。他指的是中国银行间市场上交易的工具。

Traders say an auction of US government bonds due to take place today and tomorrow have triggered a far lower level than usual of related activity in the repo market , as banks scrutinise their trading strategies .

交易员表示，今明两日将进行的美国国债拍卖，造成了回购市场的相关交易量远低于日常水平，因为各银行都在仔细审查自己的交易策略。