信用债券

Therefore, the enterprise credit system establishment is focus of focus in the whole construction of social credit system. In the international market, bond rating is a market need.

因此，公司信用体系的建立是整个市场信用体系建立的重中之重在国际市场，债券等级是市场需要的产物。

Xu Song also stressed the importance of vigilance against the risks, he said, should focus on the bond market's long-term investment rather than short-term profit, the choice should be stressed that the bond credit rating.

许菘还强调了对风险保持警惕的重要性，他说，应侧重于债券市场的长期投资，而非短期利润的选择应强调指出，债券信用评级。

The inadequacy of specific hedges, something known as "basis risk", also came as a shock to many. A corporate bond and a cash-collateralised credit-default swap written on the same company ought to offset each other—if the company looks likely to default, the bond will fall and the swap rise.

由于具体的套期保值不当造成的基差风险也让很多人大为震惊，同一家公司的企业债券及其现金担保的信用违约互换（cash-collateralised credit-default swap，CDS）11本应相互抵消：比如，如果某公司可能资不抵债，那么其债券价格将下降，而CDS的价格会上升。

Fund managers said Qu Bo in the semi-annual report, which is due to the Fund by maintaining a high portfolio duration, credit a good part of the holdings of short-term financing, as well as some of the coupons Shibor benchmark interest rate floating rate debt in order to benefit from short-term bond interest rate stability Brought about by riding as well as credit spreads narrowed gains brought about by an allocation of income category.

基金经理说，在半区般年度报告，这是由于浮动保持持续的高投资，信贷的短期融资的很大一部分财产，以及优惠券一些Shibor的基准利率基金息债券，以受益于短期债券利率稳定带来的骑以及有关的信用利差收窄所获得的收入分配带来的类别。

On the other hand, the credit risk is the main risk in the corporate bond market.

企业债券是企业融资的重要手段，信用风险是企业债券市场上的主要风险。

According to different credit basis, it can be divided into general responsibility bond and income bond.

根据信用基础的不同，分为一般责任债券和收益债券。

In fact, high credit quality bond yield is always higher than junk bonds.

其实不然，高信用质量债券的殖利率总是高于垃圾债券。

Value at Risk,fair spread,probability generating function,CreditRisk+,collateralized debt obligation

信用风险值，公平价差，机率产生函数，信用风险加成模型，抵押债务债券

Christopher Cox, chairman of the Securities and Exchange Commission, told the committee that credit rating agencies gave AAA ratings to mortgage-backed securities that didn't deserve them.

考克斯表示，信用评级机构给予了一些抵押债券"AAA"评级，而这些债券本不应该得到这样的评级。

Germany this week announced a ban on the naked short-selling of euro-area government bonds and shares of some financial firms, and on the buying of sovereign credit-default swaps by investors who have not also bought the underlying bonds.

德国这周颁布了一项禁令，严禁对欧元区政府债券以及一些金融公司股票进行无抵押沽空，并且禁止非优先抵押债券投资者购买政府信用违约掉期。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。