By using Nelson-Siegel model, the paper derives the term structures for bonds in Shanghai& Shenzhen Security Exchange in 2002, and use two-and three-principal components as well as traditional duration and convexity to simulate a hedging of portfolios.

DCC model is based on the improvement of the CCC model comes, DCC model increased the correlation coefficient of time-varying characteristics, but based on the comparison of utility maximization, based on DCC-GARCH model to estimate the effectiveness of the hedge ratio is not as CCC-GARCH model.

DCC模型是在CCC模型基础上改进而来的，DCC模型增加了相关系数时变的特征，但在基于效用最大化的比较中，基于DCC-GARCH模型估计的套期保值比率的效用并不如CCC-GARCH模型。

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The measurement and evaluation of VALUE-MAINTAINING and value-adding for enterprise capital

企业资产保值增值的计量反映与考核评价

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To defend -- and profit -- from a big rise in inflation, investors have piled into gold or inflation-protected bonds.

为防范通货膨胀飙升或在通胀加剧时获利，投资者纷纷涌入黄金或通货膨胀保值债券。

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But those extra sales mightn't be such great news for existing owners of inflation-protected notes.

但对通货膨胀保值债券的当前持有者来说，这些即将发行的国债并不是什么好事。

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Allocations to U. S. inflation-linked bonds have remained at 10 percent, as Gartside expects a huge supply shortage.

美国通胀保值债券的配置比重维持在10%，因Gartside预计将出现巨大的供应缺口。

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TIPs are another place.

通货膨胀保值债券是另一个去处。

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You will sleep a lot easier with inflation-protected bonds instead.

相反，持有通货膨胀保值债券能使你睡得更安稳些。

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Longer-term TIPS still offer a positive return in real terms, but it's meager.

中长期通货膨胀保值债券的实际回报仍然为正，但非常低。

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As a result, it isn't just that the yields on regular bonds have risen. So, too, have the yields on inflation-protected government bonds.

因此，不仅仅是常规债券的收益率出现了上升，连政府发行的通胀保值债券的收益率也上升了。

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Inflation-protected government bonds will give you inflation plus 2%.

政府发行的通货膨胀保值债券还能有通胀率加2%的收益率呢！

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The negative yield on inflation-linked bonds is just a corollary of the very low yields on conventional debt.

通胀保值债券的负收益不过是常规债务低收益的必然结果。

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Breakeven rates reflect the difference between yields on cash treasury bonds and those of Treasury inflation protected securities, or tips.

盈亏平衡通胀率反映的是美国国债现货收益率与通胀保值债券（tips）收益率之差。

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In the recent past, inflation-protected government bonds, or TIPS, offered an easier form of inflation insurance.

近年来，通胀保值债券（TIPS）提供了更简易的通胀保障形式。

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But they've done so well that they no longer offer a good deal.

但通货膨胀保值债券一段时间以来的走势太好，现在买进已经不划算了。

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The Treasury had already auctioned five-year TIPS, and two- and five-year notes on Monday, Tuesday and Wednesday, respectively.

财政部准备在下周一，周二和周三分别标售五年期通膨保值债券（TIPS），及两年期和五年期公债。

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By Dec. 9 it plans to have bought about $105 billion in Treasurys, including a handful of Treasury Inflation-Protected Securities, or TIPS.

在12月9日前，美联储计划购买1,050亿美元的美国国债，其中包括一批通货膨胀保值债券（TIPS）。

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Treasury Inflation-Protected Securities, or TIPS, offer poor value at current levels.

通货膨胀保值债券（TIPS）以目前的水平看价值很低。

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Chinese officials had indicated they want inflation-protected securities, especially as the U. S. economy starts to recover.

中国官员已经表示，他们希望购买通货膨胀保值债券，特别是在美国经济正开始复苏的情况下。

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As a hedge, Gaines recently added Treasury Inflation-Protected Securities, or TIPS, to his and his wife's retirement accounts.

为了保护自己，Gaines在自己和妻子的退休金帐户中增加了财政部通货膨胀保值债券（TreasuryInflation-ProtectedSecurities），简称TIPS。

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He suggests that investors keep the fixed-income portion of their portfolios in short-term bonds, including TIPS.

他建议投资者把投资组合中的债券部分投资于短期债券，如财政部通胀保值债券等。

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