政府债券

Our advice is that you should sell your stocks immediately and reinvest the amount realized in government bonds.

我们给你的忠告是立刻卖了你手上的股票，并把所得的钱投资于政府债券。

The world's biggest investment funds are cutting exposure to US and UK government bonds amid fears that rising public debt and the withdrawal of central bank support for their economies could scupper the global recovery.

全球各大投资基金正纷纷减持美国和英国的政府债券，他们担心，持续攀升的公共债务以及央行撤消经济支持措施，可能阻碍全球经济复苏。

The safety of government debt is a self-fulfilling market expectation.

政府债券的安全性建立在一种自我实现的市场预期的基础上。

Some important vocabulary: building society, sight deposit, floating rate, base rate, current account, instant savings account, LIBID rate, maturity date, commission fee, etc.; define, penalty, in/out of step with sb.

房屋互助协会将其吸收的存款主要投资于抵押贷款，但也有以部分投资于政府债券。

This skittishness partly reflects uncertainty about how the government debt will be financed.

这种多变性部分反映了人们对政府债券将如何获得融资的不确定性。

Benchmark yield curves in the major financial centers had been pushed to quite low levels, setting the stage for a snapback in mature government bond yields when signs of stronger economic growth emerged (Table 1.1). The March 2003 GFSR highlighted the risk that such an increase in yields would trigger an unwinding of carry trades; indeed, the rebound in yields evident in all major markets since mid-June appears to have been accentuated by an unwinding of such trades.

主要金融中心的各种基准收益曲线曾被下降到相当低的水平，为在经济出现更强劲增长时迅速恢复到期的政府债券收益创造了条件（表1--1）。2003年3月份的《全球金融稳定报告》突出了这种收益增长会触发扩大结转交易的风险；确实，现在看来，自6月中旬以来，在所有主要市场上，扩大这种交易加强了明显的收益反弹。

That matters because the stopgap until this is arranged is the ECB, which has now started buying government bonds in the open market.

这很关键是因为在这安排妥当之前，补缺者是欧洲央行，而它现在已开始在公开市场上购买政府债券。

Recent reports suggest banks would have to tie-up about 10 per cent of total assets in government bonds to comply with the FSA standard.

最近的报告表明，要符合FSA的标准，银行必须将大约10%的总资产与政府债券密切挂钩。

This is the essential idea to build treasury bond legal system of Chinese characteristics.

这是构建具有中国特色政府债券法律的基本思路。

To build a united and centralized treasury bond market is an important part to develop socialist market economy and improve reform and opening of the capital market.

建立集中监管、统一互联的政府债券市场是完善我国社会主义市场经济体制，推进资本市场改革开放和稳定发展的重要内容。

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。