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However, it is still the most sluggish part of the whole security market and become the "shortest board".

本文的论述在描述我国企业债券发展的现状、特点的基础上,总结指出我国企业债券市场存在的主要问题。

You have to continue outperforming T-Bills - to fall behind them would be ridiculous.

你要持续超过债券--表现不如债券就很荒谬了。

Yields on ten-year gilts have even fallen slightly since then, and all debt sales have been oversubscribed.

五月份以来十年期金边债券的收益甚至稍有下降,而且所有的债券都供小于求。

In the league tables that investment banks watch so keenly, Deutsche excelled last year as lead manager of bonds and convertible bonds and of some racier products, such as repackaged debt securities and high-yield "junk" bonds.

在投资银行特别关注的银行排行榜上,在债券、可兑换债券,以及像重新包装的债务证券和高产的&垃圾&证券这类更有活力的业务方面,德意志银行在去年都排名第一。

Article 22 shall be changed into Article 23, of which item (1) of paragraph 1 shall be modified as "demanding that the banking institutions deposit the reserve fund at a required ratio"; and item (3) thereof shall be modified as "handling rediscounting for the banking institutions, which have opened accounts in the PBC"; and item (5) thereof shall be modified as "dealing in treasury bonds, other government bonds, financial bonds and foreign exchange on the open market".

九、第二十二条改为第二十三条,第一款第一项修改为:&要求银行业金融机构按照规定的比例交存存款准备金&;第三项修改为:&为在中国人民银行开立账户的银行业金融机构办理再贴现&;第五项修改为:&在公开市场上买卖国债、其他政府债券和金融债券及外汇&。

IX. Article 22 shall be changed into Article 23, of which item (1) of paragraph 1 shall be modified as "demanding that the banking institutions deposit the reserve fund at a required ratio"; and item (3) thereof shall be modified as "handling rediscounting for the banking institutions, which have opened accounts in the PBC"; and item (5) thereof shall be modified as "dealing in treasury bonds, other government bonds, financial bonds and foreign exchange on the open market".

九、第二十二条改为第二十三条,第一款第一项修改为:&要求银行业金融机构按照规定的比例交存存款准备金&;第三项修改为:&为在中国人民银行开立账户的银行业金融机构办理再贴现&;第五项修改为:&在公开市场上买卖国债、其他政府债券和金融债券及外汇&。

But financiers took these securities and other types of debt and repackaged them again in structures known as collateralised debt obligations.

但是,金融家获得这些证券和其它类型的债券,以一种所谓的&债务抵押债券&结构再次对其进行打包。

Similarly, if a bank that has liabilities with a shorter reprising period than its assets writes a call option on a bond or a bond future, it is actually reducing its interest rate sensitivity.

同理,如果一家银行的负债再融资期限短于其资产期限,银行出售债券买入期权或者债券期货的买入期权,实际上减少了其利率的敏感度。

On this basis, the interest rate on the existing loan and bond repurchase rate by a further comparative analysis, the final conclusion, repurchasing rate is the benchmark interest rate at the best choice.

在此基础之上,对现有基准利率;货币市场;同业拆借利率;回购利率的同业拆借利率和债券回购利率进行了进一步的比较分析,最后得出结论,债券回购利率是我国现阶段基准利率的最佳选择。

The banks are major holders of government debt in Europe, which is looking riskier lately .

这些银行是欧洲政府债券的主要持有者,而近来欧洲政府债券的风险正在增大。

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