Based On The Research On Term Structure Of Interest Rates Of Bonds Pricing

Term structure of the interest rate is the high-profile area in the research of finance and economics. In recent years the study process of interest rate marketization of China has bring this kind of research in the urgency. This paper focus on the term structure of interest rate of bond market, and also do some investigation and research on the application on bond pricing on both government bond and company bond.The Paper choose the term structure of interest rates as the research object, use the B-splines model based on the static structure, respectively for its theoretical derivation and parameter estimation solution, and on this basis to data bits, empirical sample, made the comparison analysis. With B-splines verified the spline model of enterprise bonds based mixed risk spread estimation methods, and the enterprise bondsempirically estimate on the SSE actual data. For the application part, we give the fixed rate bonds are deduced and the enterprise bond of the term structure of interest rates pricing and the error estimation method, use the SSE actual data to implement on the bond pricing.