Influencing Factors Of Credit Spread In Inter - Bank Bond Market

In recent years, the rapid development of China’s bond market has attracted the interest of academic credit spreads. However, due to various objective reasons, the academic studies of credit spreads are weaker than those international counterparts. The research use samples of actively traded commercial papers and medium-term notes of China’s inter-bank market and variables based on the interest rate term structure and the liquidity indicator to re-evaluate the explanatory power of the classical model of the research areas of credit spreads.