Transcript （二）回购市场
4 5 6 LIBOR SHIBOR 1 2 3 1. 2. 1. 2. 3. YBD= YBD P t 10000 P 10000 360 t 100% YE 1 10000 P 10000 365 t YE 1 YBE 10000 P P 365 t 100% YBE P BS i P i BS P2 P1 i2 i1 P1 Bd2 P2 Bd1 Bd2 Bd1 i SG1 SS1 10% SM1 8% DG SB1 6% DS DM 4% 1 DB M1 B1 1 S1 G1 i SG1 S S1 1 0% SM1 8% DG 6% SB1 SB2 DS 4% DM 3% DB B1 B2 2 M1 S1 G1 i SG1 S C1 1 0% SB1 8% DG 6% SM2 DC 3% DM B2 M1 3 S1 G1 i SG1 S C1 1 0% SM1 SM2 8% 6% 5% DG SB2 DC DM 3% DB B2 4 M1M2 S1 G1 i SG1 S C1 1 0% 8% SM2 DG SB2 5% DC DM 3% DB B2 M2 5 S1 G1 i SG1 S S1 1 0% S S2 8% SM2 7% DG SB2 5% DS DM 3% DB B2 6 M2 S1 S2 G1 i SG1 SG2 S S1 10% S S2 9% SM1 8% SM2 DG 7% SB1 6% SB2 5% DS 4% DM 3% DB M 1M 2 B1 B2 7 S1 S2 G1 G2 THANKS 42