一、国债市场发展目标必须重新定位,逐步强化其货币政策功效。既然不可否认国债政策的运用具有财政政策和货币政策的双重功效,那么,实际上就存在一定时期内国债功能究竟是以财政功能为主还是以货币功能为主的选择问题。但二者并不存在根本性冲突。我国国债市场发 First, the development target of the bond market must be repositioned to gradually strengthen the effectiveness of its monetary policy. Since it is undeniable that the use of treasury bonds has the dual effects of fiscal policy and monetary policy, in fact there exists a question whether the treasury bond function should mainly be the financial function or the monetary function within a certain period of time. But there is no fundamental conflict between the two. China’s bond market made