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The Price-discovery of Korean Bond Markets by US Treasury Bond Markets by US Treasury Bond Markets - The Start-up of Korean Bond Valuation System - (한국 채권현물시장에 대한 미국 채권현물시장의 가격발견기능 연구 - 채권시가평가제도 도입 전후를 중심으로 -)

  • Hong, Chung-Hyo;Moon, Gyu-Hyun
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.125-151
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    • 2004
  • This study tests the price discovery from US Treasury bond markets to Korean bond markets using the daily returns of Korean bond data (CD, 3-year T-note, 5-year T-note, 5-year corporate note) and US treasury bond markets (3-month T-bill, 5-year T-note 10-year T-bond) from July 1, 1998 to December 31, 2003. For further research, we divide full data into two sub-samples on the basis of the start-up of bond valuation system in Korean bond market July 1, 2000, employing uni-variate AR(1)-GARCH(1,1)-M model. The main results are as follows. First the volatility spillover effects from US Treasury bond markets (3-month T-bill, 5-year T-note, 10-year T-bond) to Korean Treasury and Corporate bond markets (CD, 3-year T-note, 5-year T-note, 5-year corporate note) are significantly found at 1% confidence level. Second, the price discovery function from US bond markets to Korean bond markets in the sub-data of the pre-bond valuation system exists much stronger and more persistent than those of the post-bond valuation system. In particular, the role of 10-year T-bond compared with 3-month T-bill and 5-year T-note is outstanding. We imply these findings result from the international capital market integration which is accelerated by the broad opening of Korean capital market after 1997 Korean currency crisis and the development of telecommunication skill. In addition, these results are meaningful for bond investors who are in charge of capital asset pricing valuation, risk management, and international portfolio management.

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Orthodontic bracket bonding to glazed full-contour zirconia

  • Kwak, Ji-Young;Jung, Hyo-Kyung;Choi, Il-Kyung;Kwon, Tae-Yub
    • Restorative Dentistry and Endodontics
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    • v.41 no.2
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    • pp.106-113
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    • 2016
  • Objectives: This study evaluated the effects of different surface conditioning methods on the bond strength of orthodontic brackets to glazed full-zirconia surfaces. Materials and Methods: Glazed zirconia (except for the control, Zirkonzahn Prettau) disc surfaces were pre-treated: PO (control), polishing; BR, bur roughening; PP, cleaning with a prophy cup and pumice; HF, hydrofluoric acid etching; AA, air abrasion with aluminum oxide; CJ, CoJet-Sand. The surfaces were examined using profilometry, scanning electron microscopy, and electron dispersive spectroscopy. A zirconia primer (Z-Prime Plus, Z) or a silane primer (Monobond-S, S) was then applied to the surfaces, yielding 7 groups (PO-Z, BR-Z, PP-S, HF-S, AA-S, AA-Z, and CJ-S). Metal bracket-bonded specimens were stored in water for 24 hr at $37^{\circ}C$, and thermocycled for 1,000 cycles. Their bond strengths were measured using the wire loop method (n = 10). Results: Except for BR, the surface pre-treatments failed to expose the zirconia substructure. A significant difference in bond strengths was found between AA-Z ($4.60{\pm}1.08MPa$) and all other groups ($13.38{\pm}2.57-15.78{\pm}2.39MPa$, p < 0.05). For AA-Z, most of the adhesive remained on the bracket. Conclusions: For bracket bonding to glazed zirconia, a simple application of silane to the cleaned surface is recommended. A zirconia primer should be used only when the zirconia substructure is definitely exposed.

Theoretical Investigation on the Structure, Detonation Performance and Pyrolysis Mechanism of 4,6,8-Trinitro-4,5,7,8-tetrahydro -6H-furazano[3,4-f]-1,3,5-triazepine

  • Li, Xiao-Hong;Zhang, Rui-Zhou;Zhang, Xian-Zhou
    • Bulletin of the Korean Chemical Society
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    • v.35 no.5
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    • pp.1479-1484
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    • 2014
  • Based on the full optimized molecular geometric structures at B3LYP/cc-pvtz method, a new designed compound, 4,6,8-trinitro-4,5,7,8-tetrahydro-6H-furazano[3,4-f ]-1,3,5-triazepine was investigated in order to look for high energy density compounds (HEDCs). The analysis of the molecular structure indicates that the seven-membered ring adopts chair conformation and there exist intramolecular hydrogen bond interactions. IR spectrum and heat of formation (HOF) were predicted. The detonation velocity and pressure were evaluated by using Kamlet-Jacobs equations based on the theoretical density and condensed HOF. The bond dissociation energies and bond orders for the weakest bonds were analyzed to investigate the thermal stability of the title compound. The results show that $N_1-N_6$ bond is the trigger bond. The crystal structure obtained by molecular mechanics belongs to $Pna2_1$ space group, with lattice parameters Z = 4, a = 15.3023 ${\AA}$, b = 5.7882 ${\AA}$, c = 11.0471 ${\AA}$, ${\rho}=2.06gcm^{-3}$. In addition, the analysis of frontier molecular orbital shows the title compound has good stability and high chemical hardness.

Flexural Behaviour of Encased Composite Beam with Precast Hollow Core Slabs and Channels (속빈 PC 슬래브와 채널을 사용한 매입형 합성보의 휨 거동)

  • Heo, Byung Wook;Kwak, Myong Keun;Bae, Kyu Woong
    • Journal of Korean Society of Steel Construction
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    • v.20 no.4
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    • pp.493-504
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    • 2008
  • This paper deals with the experimental analysis of the flexural behaviour of encased composite beams with hollow core slabs and channels. The shear force between steel beams and hollow core slabs are transferred by channels. Three full-scale specimens were constructed and tested with different steel beam heights, which were compared with those of previous studies. Based on observation of the experiments, the encased composite beams exhibited full shear connection behaviour without any other shear connectors due to their inherent mechanical and chemical bond stress. Experimental results show a behaviour similar to steel-concrete composite beams with classical connectors: elastic and yield domains, great ductility, flexural failure mode (plastic hinge), low relative movement at steel-concrete interface and all specimens failed in a very ductile manner. Consequently, this study enables the validation of the proposed connection device under static loading and shows that it meets modern structural requirements.

An Experimental Study of Reinforced Concrete Beams with Closely-Spaced Headed Bars

  • Lam, Kah Mun;Kim, Woo-Suk;Van Zandt, Michael;Kang, Thomas H.K.
    • International Journal of Concrete Structures and Materials
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    • v.5 no.2
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    • pp.77-85
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    • 2011
  • The use of headed bars as opposed to standard 90- or 180-degree hooked bars in beam ends, beam-column joints or other steel congested areas for anchorage and bond has become more favorable due to the fact that steel congestion is often created by large bend diameters or crossties. This research mainly focuses on evaluating the code provisions regarding the use of headed bars. Nine simply supported rectangular concrete beams with headed longitudinal reinforcement were tested under a four-point monotonic loading system. The design clear spacing, which varies from 1.5 to 4.25 times the bar diameter, was the only parameter for the experimental investigation. The test results showed that the closely-spaced headed bars were capable of developing to full yield strength without any severe brittle concrete breakout cone or pullout failure. Bond along the bar was not sufficient due to the early loss of concrete integrity. However, the headed bars were effective for anchorage with no excessive moment capacity reduction. This implies that the clear spacing of about 2 times the bar diameter for headed bars may be reasonable to ensure the development of specified yield strength of headed bars and corresponding member design strength.

Effect of bond and bidirectional bolting on hysteretic performance of through bolt CFST connections

  • Ajith, M.S.;Beena, K.P.;Sheela, S.
    • Earthquakes and Structures
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    • v.19 no.5
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    • pp.315-329
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    • 2020
  • Through bolt connections in Concrete Filled Steel Tubes (CFSTs) has been proved to be good in terms of seismic performance and constructability. Stiffened extended end plate connection with full through type bolt helps to avoid field weld altogether, and hence to improve the quality of joints. An experimental study was conducted on the hysteretic performance of square interior beam-column connections using flat extended end plates with through bolt. The study focuses on the effect of the bond between the tie rod and the core concrete on the cyclic performance of the joint. The study also quantifies how much the interior joint is getting strengthened due to the confinement effect induced by bi-directional bolting, which is widely used in 3D moment resisting frames. For a better understanding of the mechanism and for the prediction of shear capacity of the panel zone, a mathematical model was generated. The various parameters included in the model are the influence of axial load, amount of prestress induced by bolt tightening, anchorage, and the concrete strut action. The study investigates the strength, stiffness, ductility, and energy dissipation characteristics. The results indicate that the seismic resistance is at par with American Institute of Steel Construction (AISC) seismic recommendations. The bidirectional bolting and bond effect have got remarkable influence on the performance of joints.

Structural behavior of slender circular steel-concrete composite columns under various means of load application

  • Johansson, Mathias;Gylltoft, Kent
    • Steel and Composite Structures
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    • v.1 no.4
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    • pp.393-410
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    • 2001
  • In an experimental and analytical study on the structural behavior of slender circular steel-concrete composite columns, eleven specimens were tested to investigate the effects of three ways to apply a load to a column. The load was applied eccentrically to the concrete section, to the steel section or to the entire section. Three-dimensional nonlinear finite element models were established and verified with the experimental results. The analytical models were also used to study how the behavior of the column was influenced by the bond strength between the steel tube and the concrete core and the by confinement of the concrete core offered by the steel tube. The results obtained from the tests and the finite element analyses showed that the behavior of the column was greatly influenced by the method used to apply a load to the column section. When relying on just the natural bond, full composite action was achieved only when the load was applied to the entire section of the column. Furthermore, because of the slenderness effects the columns did not exhibit the beneficial effects of composite behavior in terms of increased concrete strength due to the confinement.

Lateral confining action of mortar-filled sleeve reinforcement splice

  • Kim, Hyong-Kee;Lee, Sang-Ho
    • Structural Engineering and Mechanics
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    • v.41 no.3
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    • pp.379-393
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    • 2012
  • Of the various methods of splicing reinforcing bar in reinforced concrete structure, mortar-filled sleeve reinforcement splice offers diverse benefits, not only in terms of structural performance but also for the construction process. Consequently, after the mortar-filled sleeve splices have been developed in recent years, research and development on these splices has been actively carried out, in order to evaluate its macro structural performance, such as its strength and stiffness, with the aim of enabling this system to be applied to construction in the field as early as possible. However, to make a proper evaluation on the overall structural performance of the mortar-filled sleeve reinforcing bar splice, it is of critical importance to understand the lateral confining action of the sleeve, which is known to affect the bond strength between the embedded bar and mortar in the sleeve. Accordingly, in this study, an experiment of monotonic loading and cyclic loading was conducted with a full-sized mortar-filled sleeve splice attaching strain gauges on the sleeve surface with experimental variables such as development length of bar, etc. Based on the test results, the effect of the lateral confining action of the sleeve was analyzed and considered in terms of the bond strength between the bar and mortar in this splice.

Ultimate Uplift Capacity of Permanent Anchor Embedded in Weathered Rock (풍화암에 근입된 영구 앵커의 극한인발력)

  • Yoo, Nam-Jae;Park, Byung-Soo;Jeong, Gil-Soo;Kim, Jin-Hwang
    • Journal of Industrial Technology
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    • v.21 no.B
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    • pp.195-203
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    • 2001
  • The purpose of this study is to estimate ultimate uplift capacity of permanent anchor which was cast into weathered rock. The ultimate uplift capacity was estimated from the load-displacement curve of four different anchors which have different bond length. The creep test was performed for 15minutes under the maximum load of each step in order to understand the load-transfer property of permanent anchor and to decide which anchor to choose. The destruction range of soil due to the changes in load was estimated by installing dial gauge on the ground which was cast into the weathered rock. Ultimately, the study on the behavior of the anchor case into the weathered rock was performed by comparing and analyzing the estimated result of the UUC obtained by the full scale pull out test in the field with the exsting theoretical and practical results of soil and rock anchor.

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CLINICAL CONSIDERATION OF INDIRECT BONDING TECHNIQUE (INDIRECT BONDING TECHNIQUE에 대한 고찰)

  • Lee, Kyung Hwan;Kim, Sang Cheol
    • The korean journal of orthodontics
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    • v.19 no.2
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    • pp.155-163
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    • 1989
  • Indirect bonding is done by placing the brackets on a model in the laboratory and using a template or tray to transfer the laboratory positioning to the teeth. The advantages of this technique are 1. decreased chair time 2. less patient discomfort 3. accuracy of a attachment placement 4. good adaptation of attachment to tooth contour 5. occlusal relationship of brackets and opposing teeth can be checked The disadvantages of the technique are 1. complex laboratory procedure 2. sometimes difficult on very short clinical crowns 3. teeth with crowns, large buccal restoration will not bond 4. may not be fitted close, if poor adaptation 5. likely to be disturbed setting Several indirect bonding techniques have proved reliable in clinical practice. However, they differ in the way the brackets are attached temporarily to the model, the type of transfer tray or other mechanism used, the adhesive or sealant employed, whether segmented or full bonding used, and the way the transfer is removed so as not to exert excessive force on a still maturing bond.

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