投资学 第12章 证券分析（3）：利率期限结构理论12.1 Overview of Term Structure of Interest Rates The relationship between yield to maturity and maturity. Information on expected future short term rates can be implied from yield curve. The yield curve is a graph that displays the relationship between yield and maturity. Three major theories are proposed to explain the observed yield curve. 利率期限结构：债券的到期收益率（Yield to maturity ）与债券到期日（the term to maturity ）之间的关系 把利率表示为到期日的函数，用以体现不同到期日 利率的方式利率的风险结构 到期收益率与未来短期利率有关系 未来短期利率 相
