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流动性被称为证券市场效率的基础和金融市场的生命线。而国债市场流动性的提高可以促使债券市场价格发现功能的充分发挥。因此,国债市场流动性被认为是债券市场效率高低和完善与否的标志,也是政府进行国债管理和宏观调控的重要影响因素。
Liquidity is called the foundation of the efficiency of the securities market and the lifeline of financial markets. The increase of the liquidity of the bond market can promote the function of price discovery in the bond market. Therefore, the liquidity of the bond market is considered as a symbol of the efficiency of the bond market and whether it is perfect or not. It is also an important factor for the government to carry out treasury bond management and macro-control.