我国债券市场面临着更为严重的系统性风险。从宏观视角把握债券市场发展趋势,防范与管理债券市场风险显得尤为重要2012年,欧债、美债、QE3、贸易战等“货币地雷”将同时存在,全球金融市场的风险释放远未结束。美债评级调降和美国经济将长期调整或迫使其他国家努力减少对美债的依赖程度;欧洲债务加银 China’s bond market is facing more serious systemic risks. From a macroscopic perspective, it is particularly important to grasp the development trend of the bond market and prevent and manage the bond market risks. In 2012, the European debt, the U.S. debt, the QE3, the trade war, etc. will both exist and the risk of the global financial market will be released far End. US debt rating downgrade and the United States economy will be long-term adjustment or force other countries to reduce their dependence on the United States debt; European debt plus silver