政府债券

Until very recently, Chinese insurers were limited to investing their premium income in low-yielding government bonds and bank deposits but in the past two years Beijing has loosened these restrictions.

就在两年前，中国的保险公司还只能将保费收入投资于低收益率的政府债券和银行存款，但在过去两年中，中国政府逐渐解除了这些限制。

George Hall of Brandeis University and Thomas Sargent of New York University reckon that less than a quarter of the reduction in America's debt-to-GDP ratio between 1945 and 1974 came from negative real rates of return on government bonds.

布兰蒂斯大学的George Hall和纽约大学的Thomas Sargent发现，1945至1974年间美国政府债务占GDP比例的减少只有不到四分之一是因为政府债券收益的负实际利率。

But the oil-service firms will get only the book value of their assets, paid in government bonds and with deductions for any labour or environmental liabilities the government adduces.

但石油业服务公司得到的仅是其资产的账面价值，还是用政府债券支付，并扣除所有政府提出的劳务或环境负债。

That reputation, in turn, underwrites the value of U.S. government securities as a solid store of value in a highly liquid and an accommodative market for U.S. government bonds.

这种声望也可以在一个具有较高流动性和适应性的美国政府债券市场上，支撑美国政府的证券成为一种可靠的价值储备手段。

Banks in emerging markets, which have vast branch networks to suck in deposits from thrifty families and companies, park their surplus with the state, by buying government bonds or keeping it in central banks.

新兴市场的银行有巨大的分支网络以吸引家庭储蓄和公司存款，再将过量储蓄以购买政府债券或直接在央行存款的方式，将过量储蓄存放在政府。

Some interestbearing bonds, such as municipals, entitle the bearer to an exemption from certain taxes on interest income.

美国有一些有息债券，如政府债券，它允许持有人在利息收益上有一定的免税。

Some interest-bearing bonds, such as municipals, entitle the bearer to an exemption from certain taxes on interest income.

美国有一些有息债券，如政府债券，它允许持有人在利息收益上有一定的免税。

Some interest－bearing bonds, such as municipals, entitle the bearer to an exemption from certain taxes on interest income.

美国有一些有息债券，如政府债券，它答应持有人在利息收益上有一定的免税。

"It is in vested mostly in high-growth mutual funds, which he will convert to bonds and government securities."

这些钱大部分将被投资于高增长的共同基金，他也可以将其转换成公司债券和政府债券。

"It is invested mostly in high-growth mutual funds, which he will convert to bonds and government securities."

这些钱大部分将被投资于高增长的共同基金，他也可以将其转换成公司债券和政府债券。

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。