抵押债券仅仅是从担保证券向信用债券过渡的中间步骤。最终,市场的主流依然是信用发行方式。目前,我国债券品种主要是无担保但可享用政府信用的国债、金融债以及三峡债券等少数企业债,和由银行担保的企业债、公司债(未包括短期融资债)。国内债券投资者已习惯在这种信用风险下进行债券投 Mortgaged bonds are merely intermediate steps in the transition from guaranteed securities to credit bonds. In the end, the mainstream of the market is still the way credit distribution. At present, the bond types in our country are mainly government bonds, financial bonds and minority corporate bonds such as the Three Gorges Bonds, which are unsecured but enjoy government credit, as well as corporate bonds and corporate bonds (excluding short-term financing bonds) guaranteed by banks. Domestic bond investors have become accustomed to bond investment under such credit risk