2000•Journal of Zhejiang University(Humanities and Social Sciences)Requires access
An Analysis of the Effect of the Declining Interest Rate on the Bond Market
Liuyong Yang
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Abstract
By using event Study, we find that the declining of interest rate will increase the price of bond remarkably, and that the getting of information by different investors is unfair, and that the price of bond will not overreact obviously except reacting in advance, so the bond market in China isn't an efficient one.