国债余额 meaning in English
outstanding national debt
Examples
- Under this circumstance , our treasury bond market exits lots of shortfalls which impede further development for this market . in this essay , combining with the experience in developing country " s experience , it analyses some challenges which confronted chinese bond market , such as liquidity in the interbank market has yet to be improved , duration in bond products are yet to be rational , a sound yield curve is yet to be take shape , the separation between exchange and interbank yet to be broken . in order to solving above issues , this essay suggests that it should develop market maker system to increase market liquidity ; manage balanced treasury bond ; issue short and long term treasury bond in proportion to improve duration and yield curve ; develop bond derivative products such as future trading , open style repurchasement , so it can provides tools for risk protection
但随着我国经济的快速发展，金融市场已今非昔比，中国成为了世贸组织的成员，中国资本市场要走向国际化，利率的市场化是大势所趋，在此前提下，我国国债市场还存在着很多不足，越来越阻碍着国债市场的进一步发展，本文结合世界发达国家的先进经验，剖析了我国国债市场存在的一些问题如：流动性有待改善、国债期限结构不合理、无法形成科学合理的益率曲线、交易所市场与银行间市场割裂等，为解决这些问题，本文建议应发展做市商制度以提高市场流动性；实施国债余额管理，发行短期国债及长期国债，改善国债期限结构，以形成科学合理的收益率曲线；发展债券衍生金融创新工具如国债期货交易、开放式回购等，为投资者提供避险工具等等。