债券

In his impression that the above bank deposits and savings bond interest rates in nominal terms since 1996 is the "high point"; rich experience in the banking business, he also firmly believe in the strength of the policy, CPI data will also be in the next period of time ,"Set to" come down.

早在姚先生年初开始制定了一项简单的交易似乎是基本战略"做比债券更短的商品。"从今年的结果，在债券市场上的巨大收益，姚先生，除了那些固定收益产品，他抓住一个9月后，今年的债券市场交易的爆发。

Ii the dates on which the bondholders acquired the bonds and the serial numbers of the bond certificates

债券持有人取得债券的日期及债券的编号

Government focus through the coordination of the guarantor bonds, sinking fund to resolve the issue of small and medium-sized bond, while small and medium-sized issuers in accordance with the characteristics of the high cost of the appropriate part of the costs associated with subsidies to reduce the cost of bond issuance integrated.

政府重点通过协调担保人债券、偿债基金解决中小企业债券问题，同时根据中小企业发债成本高的特点适当补贴部分的相关费用，以降低债券发行的综合成本。

Models in the paper indicate that firms can make use of bond covenants such as the call provision, the put provision, the sinking fund provision and convertibility to increase the term to maturity of a bond issue and at the same time reduce the aggregate of the agency costs and transaction costs associated with it.

模型证明，发行企业债券时运用提前赎回条款、卖回条款、偿债基金条款和转换权等债券契约条款可以同时达到降低发债总成本和延长企业债券融资期限的目的。

Finally, we apply the factor analysis of the interest rate risk factors that change the yield curve of bond. Based on the comparison of the static models and stochastic models, we bring forward a dynamic stochastic risk management model of interest rate. In addition to this, we conduct an empirical examination of the management of risk immunized bond portfolios.

最后，本文运用因素分析法对影响债券市场收益率曲线的利率风险因素进行了分析，然后在比较利率风险管理静态模型和随机模型的基础上提出了一个动态随机利率风险管理模型，并且针对债券市场利率风险免疫的债券组合管理进行了应用研究。

In addition, the general trend of underpricing is in line with the trend of stock market.

对这些结果进行进一步分析，本文得出可转债的价值低估程度与债券的票面利率之间不存在明显的线性关系，与债券距离到期日的时间即剩余期限之间存在显著的正相关，而与债券的转换溢价存在显著的负相关关系。

And main part remaining concentrate the major part that the marketplace having resolved our country corporate bond by analytical,"experimental plan" appearing personally develops on two aspect: main body problem of corporate bond financing and corporate bond credit problem.

通过分析，《试点办法》的出台解决了我国公司债券市场发展的大部分问题，剩下的主要集中在两方面：公司债券的融资主体问题和公司债券信用问题。

One set of securities, known as an equity tranche, pays the highest returns but is the first to suffer if the underlying bonds default; other securities offer a much lower yield but a triple-A credit rating, because a lot of defaults would be needed to trigger losses.

其中一套被称为"平等分额"可享受最高回报，但同时，如果优先债券欠债，这种债券也将首先遭受损失；其他一些债券，虽为3A级，但收益较低，因为引起损失的是大量的欠债。

As for corporate bonds in the highest yielding 08 new Lake debt (122,009 quotes, data), after-tax yield to maturity fell to 5.36 percent has also been taking into account the unsecured debt, the risk premium rate is too low, is not worth investing in . Secondly, the future of the bond market faces the risk of major expansion, it will suppress the formation of bond prices.

至于公司债券的收益最高的08新湖债（122009行情，资料），税后到期收益率下降至5.36百分之也考虑到抵押债务的风险溢价率太低，是不值得投资英寸其次，债券市场的未来面临着大发展的风险，它会抑制债券价格的形成。

Based on the researches of system factors, system characters and the influence of market structure to market behavior, the chapter points out the characteristics and rules of china bond market system variance. On account of the Promoting Effect Government Dominated behavior, compellent system variance runs through the evolution of market structure and act on it. Although derivational system variance also works, it can't be the dominant because of the long variance time and high cost.

根据制度变迁理论研究债券市场结构的制度成因、特点及其对于市场结构和行为的影响，指出中国债券市场制度变迁的特点和规律，由于在中国债券市场的发展过程中，政府主导行为具有明显推动效应，强制性制度变迁始终贯穿于市场结构演变的过程中，并对其形成重要作用；诱致性制度变迁虽然也穿插其中，但由于其变迁时间长、成本高等特点，无法形成主导力量。

In the negative and interrogative forms, of course, this is identical to the non-emphatic forms.

。但是，在否定句或疑问句里，这种带有"do"的方法表达的效果却没有什么强调的意思。

Go down on one's knees;kneel down

屈膝跪下。。。下跪祈祷