The Research On The Trading Strategy Of Interest Rate Swap In China

With the accelerated development of the inter-bank bond market in China in recent years,the varieties of bond have been increasing day by day,and the market scale has been increasing year by year.While initially meeting the needs of investors,the risks and challenges faced by investors in vast markets have also been increasing.Developing interest rate swap and promoting the rapid development of China’s interest rate swap market,not only meets the needs of China’s inter-bank bond market participants interest rate risk control and asset liability management,but also marks the marketization of China’s interest rate into a certain stage.At present,the RMB interest rate swap market has gradually become an extremely important part of China’s financial market,which provides great value to the market institutions in diversifying portfolio investment varieties,grasping market expectations in the future and avoiding interest rate risks.Since the second half of 2016,under the regulatory environment of financial deleveraging and risk prevention,the Chinese inter-bank bond market is suffering,because the natural long position attribute makes bond investors face the market with weak defense ability,and the introduction of a short-selling mechanism by RMB interest rate swaps not only enriches the trading target of China’s inter-bank bond market but also increases the flexibility of bond investor transactions.Through the research on the subject behavior of the RMB interest rate swap market,the analysis of the demand and purpose of both parties in the market and the verification of various investment strategies with real market data not only enrich the relevant research on RMB interest rate swap market,but also help the construction and development of RMB interest rate swap market and promote the market-based interest rate reform in our country,so as to promote the maturity of the financial market.