浮动利率债券

浮动利率债券：这种债券的息票是定期确定的，并参照短期资金利率来计算。

Floating rate Bond : Bond on which the coupon is established periodically and calculated with reference to short-term interest rates .

研究成果认为，CDM卖方企业发行这种债券，能有效的规避CERs价格波动风险，克服传统的固定利率债券和浮动利率债券不能规避CERs价格波动风险的缺点。

Researches show that , this bond , can effectively avoid the risk of price fluctuation of CERs , while the traditional fixed rate bonds and floating rate bonds cannot avoid CERs price fluctuation risk .

浮动利率债券久期和凸性的研究

A Study on Duration and Convexity of Floating-Rate Notes

我国浮动利率债券基准利率选择研究

The Choice of Benchmark of Floating Rate Notes in China Bond and Life

这类债券称为浮动利率债券。

These are called variable rate bonds or floating rate notes ( FRN ) .

当市场利率高于利率上限时，浮动利率债券以折价进行交易。

When the market yield is above its capped coupon rate , a floating-rate security will trade at a discount .

债券有多种，最常见的有固定利率债券和浮动利率债券。

There are many types of bonds , the most common of which are fixed rate bonds and floating rate notes .

随后对久期的敏感性研究发现，浮动利率债券的利差久期总体上大于利率久期，且二者都是距离下一付息日时间的递增函数；

Secondly , the sensitivity studies of the duration show : FRNs ' spread duration is generally greater than its index duration , and both are the increasing functions of the time to next coupon date .

其中一位知情人士称，这些债券既包括浮动利率债券，也包括固定利率债券。随着订单簿的增长，据悉银行家曾与苹果协商，考虑将债券发行额提高至150亿美元，但最终将发行额定在了120亿美元。

Bankers , in consultation with Apple , are said to have debated increasing the debt sale to as much as $ 15bn as order books grew , but ultimately settled on the $ 12bn amount , according to one of the people .

近年来，我国浮动利率债券市场发展迅速，不仅浮动利率债券的发行量日益增大，越来越多的券种也开始使用浮动利率方式发行。

In recent years , the domestic floating rate notes market develops rapidly . Not only the volume of floating rate notes expands , more sorts of bonds , such as short-term financing bonds and medium-term notes , issue with the floating rate way .

会议上提出了一项实现投资者构成多样化的提案，包括由财政部发行新证券，包括可赎回债券、期限长达100年的超长期债券，以及利息跟随通胀涨跌的浮动利率债券。

One proposal advocated at the meeting for diversifying the base of investors would entail the Treasury issuing new securities , including callable debt , ultra-long bonds with maturities of up to 100 years and floating rate debt , on which payments to investors would rise and fall with inflation .

本文首先介绍了我国企业债券市场的现状，提出个人投资者难以投资现有浮动利率企业债券的现实问题，说明产品设计的目的是让企业债券更适合个人投资者购买，对产品的设计思路进行解释。

First of all , by introducing the present situation in our country enterprise bond market , this article discusses the problem on how it is hard for individual investors to invest the floating rate bonds and explains how to design the product to suit individual investors ' purchase .