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国债收益率曲线绝大多数时间内是短期低、长期高向上的曲线,它反映了长期投资违约高、市场风险高收益率也高的概念国债是国家满足财政需要,弥补财政赤字的重要工具。在我国三十余年的改革开放和经济建设过程中,国债的作用功不可没。国债也是固定收益投资市场里规模最大、流动性最高的可投资金融产品。每年投资者从投资国债中得到了丰富的回报。以中国国债市场为例,2013年国债(记账式国债和储蓄国债)发行规模为1.55万亿元,2013年
Treasury bond yields curve for most of the time is the short-term low, long-term high upward curve, which reflects the high long-term investment default, high market risk and high yield of national debt is to meet the financial needs of the country, an important tool to make up fiscal deficit. During the thirty years of reform and opening up and economic construction in our country, the role of government bonds has contributed. Treasury bonds are also the largest and most liquid investable financial products in fixed income investment markets. Every year, investors get rich returns from investing in government bonds. Taking the Chinese government bond market as an example, the issue scale of treasury bonds (book-entry treasury bonds and savings bonds) in 2013 was 1.55 trillion yuan. In 2013