Interest rate futures investment

Author: Chen Honghui
Publisher:
Publish Date: 2004-07-01
Features: This book first introduces the development history of interest rate futures and the main interest rate futures contracts. It then provides a concise introduction to the time value of money, the calculation of bond prices and yields, and subsequently discusses the pricing of short-term and long-term interest rate futures. The introduction of interest rate futures is intended to mitigate interest rate risk. Therefore, for investors, mastering the hedging and arbitrage methods of interest rate futures is particularly important. Finally, the book analyzes the history, current status, and future prospects of the development of interest rate futures in China.