作业帮金融市场的不确定性,增加了了中央银行下调利率的压力和信用利差的上升的压力,从投资者的角度分析.question:uncertainty in financial markets has been downward pressure on rates set by central banks and upward press
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金融市场的不确定性,增加了了中央银行下调利率的压力和信用利差的上升的压力,从投资者的角度分析.question:uncertainty in financial markets has been downward pressure on rates set by central banks and upward press
金融市场的不确定性,增加了了中央银行下调利率的压力和信用利差的上升的压力,从投资者的角度分析.
question:
uncertainty in financial markets has been downward pressure on rates set by central banks and upward pressure on credit spreads. discuss the effect on bond markets from the perspective of investors .
分析对于债券市场的影响.并要证据证明.
金融市场的不确定性,增加了了中央银行下调利率的压力和信用利差的上升的压力,从投资者的角度分析.question:uncertainty in financial markets has been downward pressure on rates set by central banks and upward press
1、金融市场的不确定增大,即风险增大,避险的需求使得资金借出方提高资金利率（要求更高的风险补偿）,收紧流动性,这使得市场上的资金紧张,各种金融交易的违约风险提升.未来避免大规模金融违约事件的发生导致金融体系的信用危机,中央银行将被迫下调基准利率,以释放流动性.
2、同样,金融市场风险度增加,使得证券收益率的风险补偿升水,而信用利差=贷款或证券收益－相应的无风险证券的收益,正是反映这一状况的指标,因此,信用利差有上升压力.
3、利率有下降趋势,债券预期收益率会上升；
信用利差有扩大趋势,高评级债券的收益率下降,低评级债券的收益率会上升.
4、实证,请参看金融危机期间美联储降低利率,释放流动性的政策操作,以及债券市场的实际表现.