国外通胀指数债券的发展、运作机理及借鉴

政府通胀指数债券作为债券市场的一种债券品种创新,具有能够帮助投资者规避长期国债投资的购买力风险、降低国债发行成本并有利于国债的顺利发行、为宏观经济调控提供有用信息等优势,我国应适时推出通胀指数债券以促进国债市场的发展。

The Development and Operating Mechanism of Foreign Inflation-indexed bonds and its Implication for China

As an innovation of bond market, Treasury Inflation-indexed bonds can prevent investors from purchasing power risk. It can not only lower issuing cost of treasury debt, but also can promote its issuance. And it also can provide useful information for macroeconomic control. We should introduce the Treasury Inflation-indexed bonds as quickly as possible to promote the development of treasury debt market.