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银行间浮动利率债既能部分规避市场利率上行的风险,又能满足部分特殊投资组合如货币型基金对特定短久期的要求。但在固定利率债和浮动利率债间如何选择更高的持有期收益率,却成为机构投资户重要的选择标准。于是,对不同市场条件下和宏观经济环境下,浮动利率债的投资价值,就成为值得深入探讨的问题。
Interbank floating-rate debt can partly avoid the upward risk of market interest rates and meet the requirements of some special investment portfolios such as currency funds for certain short-term periods. However, how to choose a higher holding rate of return between a fixed rate debt and a floating rate debt has become an important selection criterion for institutional investors. Therefore, under different market conditions and the macroeconomic environment, the investment value of floating-rate debt has become a problem worth exploring in more depth.