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论国债的利率设计汪福长一、国债利率设计的原则（一）按市场资金供求确定国债利率。利率是国债收益的决定性因素。按资金供求确定国债利率，将使国债利率趋向合理，使投资国债与投资其他金融工具在收益上大体持平，这样才有利于国债的市场化发行。特别是在有些特殊行业和...
On the Design of Interest Rates of National Debts Wang Fuchang I. Principles for the Design of Interest Rates of National Debts 1. Determine the interest rates of treasury bonds according to the supply and demand of market funds. Interest rates are the decisive factor in Treasury yields. Determining the interest rate of treasury bonds according to the supply and demand of funds will tend to make the interest rates of treasury bonds more reasonable so that the investment bonds and investment in other financial instruments will be generally balanced in return, which will be conducive to the market-oriented issuance of treasury bonds. Especially in some special industries and ...