公债市场

在欧元区，除了德国政府公债市场，没人可以满足这样的要求。

The market for German government bonds meets the requirement for liquidity but others fall short .

结果可能导致公债市场和银行系统都出现流动性匮乏。

The result would be illiquidity in both the market for public debt and the banking system .

建立单一公债市场将最终证明，它们要选的是第一条道路。

A single bond market would be evidence , at last , that they are choosing the first option .

我们去年曾告诉你，公司和市政公债市场存在非常罕见的情况，这些证券与美国财政部的相比非常便宜，我们通过几项采购支持了这个观点。

We told you last year that very unusual conditions then existed in the corporate and municipal bond markets and that these securities were ridiculously cheap relative to U.

地方公债市场是债券市场中一个必不可少的组成部分，它对债券市场乃至整个金融市场的发展和稳定运行有着重要的意义。

As an indispensable component of the bond market , the local bond market plays an important role in development and steady operation of the bond market and even of the entire financial institution .

临终场时，史密斯出人意料地跑过来抢到了球而且底线得分。车里的吴荪甫满脸红光。他要出去亲临公债市场的前线了！

At the last minute Smith came out of the blue to catch the pass and score a touchdown . Flushed with excitement , he was off in person to the front line in the Exchange !

来客是李壮飞，有一撮最新式的牙刷须的中年男子，也是冯云卿在公债市场上结识的新交。

The visitor was Li Chuang-fei , a middle-aged man who distinguished himself by wearing an up-to-date toothbrush moustache . He was one of Feng Yun-ching 's fellow-speculators in government bonds and a recently-made acquaintance of his .

欧元区公债市场投资者被指让“动物精神”影响了他们对欧洲债务违约风险的判断，制造了金融市场可能迫使较弱国家过多削减预算的情形。

Investors in eurozone bond markets stand accused of letting " animal spirits " affect their judgment on the risk of a European debt default , creating a situation where financial markets could force weaker countries into excessive budget cutting .

公债杠杆：市场经济中政府宏观调控的重要手段

State Treasury Lever : An important Method for the Government to Exercise Macro-control

公债作为政府调控市场、应对经济周期的重要手段，起到了非常重要的作用。

Bonds , which is regarded as government 's important mechnism to control market and measure the economic cycle , performs an important function .

但我国目前法律还不允许发行地方公债也没有真正意义上的地方公债市场。

However , up to now no law in China allows the local bond to be published , hence the lack of availability of the local bond market in the country .

中国应从建立完备的地方公债制度，大力发展地方公债二级市场并不断推进地方公债融资的配套改革等方面采取具体的政策措施来促进地方公债市场发展。

China should take practical measures in the aspects such as establishing complete local bonds system , developing local bonds secondary markets , and continuously accelerating the local bonds financing reforms , to promote the development of the local bonds markets .