【摘要】 介绍了企业债券三种利差指标,用其中最常用的选择权调整利差(OAS)对中国企业债券进行了定量分析,并实证考察了这些债券OAS的期限结构、波动性和趋同性。更多还原

【Abstract】 In this article we first explain three yield spread measures, among them the most widely one is option-adjusted spread or OAS. We then study quantitatively the Chinese corporate bonds using the OAS method and analyze the term structure, volatility and convergence of the corporate bond OAS using empirical data.更多还原