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国债市场收益率是金融市场的基准利率。这是因为国债市场规模大 ,参与者多 ,国债品种齐全、风险小 ,流动性强、交易方式多 ,国家宏观调控政策容易切入。为了促使国债市场基准利率的形成 ,必须采取以下措施 :增大国债发行规模 ,完善期限品种 ,实行市场化发行方式 ,调整持有者结构 ,调整利率期限结构 ,恢复国债期货交易和完善国债回购交易 ,财政政策与货币政策的协调配合。
Treasury bond market yield is the benchmark interest rate in financial markets. This is because the treasury bond market is large in scale with many participants, the full range of national debts, the low risk, strong liquidity and more transactions, and the national macro-control policies are easy to cut into. In order to promote the formation of the benchmark interest rate in the bond market, the following measures must be taken: increasing the scale of issuance of treasury bonds, perfecting the maturity varieties, implementing the market-based distribution method, adjusting the structure of the holder, adjusting the term structure of the interest rate, restoring the treasury bond futures trading and perfecting the government bond repurchase Coordination of transaction, fiscal policy and monetary policy.