发展我国国债市场亟须解决的几个问题卢平，张大龙问题之一：国债利率机制比较僵硬。１９８８年以前，我国发行的国债都是固定利率国债，并且是比照同期限银行储蓄存款利率确定的。通常的格局是国债利率要比银行同期储蓄存款利率高出１－２个百分点。１９８９年发行了保值... Some Problems that Need to be Solved to Develop China’s National Debt Market Luping, Zhang Dalong One of the Problems: The Treasury Bond Rate Mechanism is Stiff. Before 1988, the national bonds issued in our country were all fixed-rate government bonds, and were determined according to the interest rates of bank savings deposits in the same period. The usual pattern is treasury bond interest rate over the same period bank deposit interest rates higher than 1-2 percentage points. 1989 issue of hedging ...