作者就读于澳大利亚墨尔本的皇家墨尔本理工大学，此文是一份关于货币金钱市场的报告。作为一个投资公司分析了澳大利亚银行利率的大概情况，并说明了如何在交易过程中避免利率风险。 table of contents introduction…………………………………………………………………….3 main body………………………………………………………………………5 part1 …………………………………………………………………………6 1.1 current australian government securities yield curve…….6 1.2 implications for fixed-interest managers…………………….8 part2……………………………………………………………………..…...9 2.1 3-month outlook…………………………………………. ..9 2.2 6 -month outlook……………………………………………11 2.3 12-month outlook…………………………………………...12 part 3……………………………………………………………………….…13 3.1 portfolio composition in market value terms and face value terms 3.1(a) at commencement of trading……………………………..13 3.1(b) after dealing session 1…………………………………….14 3.1(c) after dealing session 2…………………………………….15 3.2 interest rate risk of portfolio 3.2(a) portfolio duration at commencement of trading……………17 3.2(b) portfolio duration after dealing session 1…………………..18 3.2(c) portfolio duration after dealing session 2……………………19 3.3 interest rate profile……………………………………………………….20 3.4 achievement of objectives with regard to interest rate risk………….22 part 4 dealing session comparison and performance analysis…………24 conclusion……………………………………………………………….…….26 bibliography & other sources…………………………………………….27 appendix……………………………………………………………..28