Meanwhile it can serve as reference for government to issue bonds , supervise bonds , implement monetary policy and adjust interest rate . the important issue of the research of yield curve is to discover the quantitative relation between yield to maturity and years to maturity by the analysis of the past trading data so as to calculate the theoretical yield to maturity and predict the forward interest rate of any years to maturity in the future 研究国债的利率期限结构(国债收益率曲线)重点要解决的问题是通过对国债交易的历史数据的分析,找出国债收益率与到期期限之间的数量关系,从而能够准确地推算拟合曲线上任意点的理论收益率,并预测出将来任意给定期限的国债所对应的远期利率。
The important issue of the research of yield curve is to discover the quantitative relation between yield to maturity and years to maturity by the analysis of the past trading data so as to calculate the theoretical yield to maturity and predict the forward interest rate of any years to maturity in the future 研究国债收益率曲线重点要解决的问题是通过对国债交易的历史数据的分析，找出国债收益率与到期期限之间的数量关系，从而能够准确地推算拟合曲线上任意点的理论收益率，并预测出将来任意给定期限的国债所对应远期利率。
Secondly , the study develops different mathematical models according to different periods by synthesizing previous research and observing the track of scatter plots of yield curves . thirdly , it quantitatively predicts the trend of interest rate and forward interest rate by these models . last but not the least , this study come to some conclusions and present some suggestions according to the empirical research 本研究首先定性考察了不同时期我国国债收益率曲线的形状和成因，接着通过综合以前的研究并结合收益率曲线的散点图对不同时期收益率曲线分别建模，利用模型定量研判市场利率走势，并对远期利率作出预测，最后根据实证研究结果对国债投资和国债管理提供了一些结论和建议。
Mainly include the financial instruments such as forward rate agreements , interest rate futures contracts , interest rate swaps , options , and etc . the study and practice of management of interest rate risk in china is still very weak , to introduce the advanced management techniques is very necessary 发达国家关于利率风险管理的研究和实务较有成效，金融工程学为我们提供了管理利率风险的多种金融工具，主要包括远期利率协议、利率期货合约、利率互换以及期权等等金融衍生产品。我国管理利率风险的研究比较薄弱，引入国外先进的管理技术很有必要。
The first section is the base of the whole thesis , including the conception of irr management , its procedure , and history . what " s more , it classifies irr and sum principles of its management ; the three kind techniques of irr management are the thread of the second section . it expounds different kinds of techniques , such as gap model , duration model , fras , future and option ; with the gap model and duration model , the third section use the balance sheet of our commercial banks to reveal the irr conditions of them ; on the basis of experiences of leading banks in the world , the paper puts forward several suggestions in the last section 第1部分介绍了商业银行利率风险管理的概念、过程，及其演进历史，同时对利率风险进行了分类，总结了商业银行利率风险管理的原则；文章的第2部分将现有的利率风险管理技术进行了归类，以利率风险表内管理技术，表外管理技术和综合管理技术为主线，分别介绍了早期的差额管理，搭配记账管理，以及现在十分流行的缺口管理和持久期管理，同时对远期利率，利率期货等表外技术，及证券化等综合管理技术作了简单的介绍。
