政府债券

According to the Bank for International Settlements, the proportion of net CDS positions to government debt is highest in Portugal, at just 5%.

根据国际清算银行的资料，净信用违约掉期头寸占政府债券的比例最高的是葡萄牙，仅为5％。

The government bond market is very big and its liquidity is also beyond comparison.

政府债券市场非常大，其流动性，也无法比较。

According to the situation of China, while enduing with the power of issuing the bond, the local government can issue the bond after being authorized by the central government.

从我国国情出发，在赋予地方发行政府债券的权力时，必须规定由中央政府核准后方可发债。

In addition, the United States is now China's second-largest holder of government bonds.

此外，美国现在是中国第二大持有的政府债券。

Second, the ECB's climb-down on its collateral rules regarding lower-rated bonds, which ensures that Greek government bonds will still be eligible as collateral in ECB tenders beyond 2010, adds to this moral hazard problem and confirms that the ECB is not immune to political considerations and pressures.

第二，欧洲央行放松资产抵押规则的目的在于，使希腊政府债券仍能充当向央行借款的抵押品。这不仅加剧了道德风险问题，而且表明，欧洲央行受制于政治压力。

The original rules,"a dealer at least to deal with this platform, listing the key to the national debt limit of a benchmark government bonds for the city to do" was revised to "a dealer must be specified in this critical period of national debt for the city to do ."

原来的规则，"交易商至少应对这个平台，列出了一个城市的政府债券的基准国债限额的关键做"修改为"一交易商必须在这一关键时期，国家债务的指定为城市的事情。"

With stocks trading erratically, investors moved to the relative safety of government bonds.

随着股票交易的动荡，投资者更多地将投资转向相对安全的政府债券。

The interest on Treasuries is exempt from state and local income tax.

这些政府债券的收益是免州和地方收入税的。

Federal Reserve and Bank of England in buying even government debt in the open market.

在此之前，欧洲央行甚至不愿随美联储和英国央行一同在公开市场中购买政府债券。

The rates that banks charge each other soared as investors sought the safety of short-dated US government debt – and US officials struggled to address mounting objections to the rescue plan in Congress and beyond.

由于投资者寻求更为安全的短期美国政府债券，同时美国政府官员在竭力克服来自国会和其它方面关于纾困方案越来越多的阻碍，银行同业拆借利率急剧上升。

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。