政府债券

标准人寿投资的投资主管理查德巴蒂（RichardBatty）表示：在美国和英国政府债券市场上，风险已显著增加。

Richard Batty , investment director at Standard Life Investments , said : The risks have heightened sharply in the US and UK government bond markets .

如果政府债券的收益率维持在低位，像EADS这样的企业发现融资十分容易，应当会对复苏构成支撑。

If government bond yields remain low , and companies such as EADS find it easy to raise cash , that should support recovery .

大部分资金将通过发行政府债券来筹措。

Most of it will be financed by government bonds .

中央银行获授权公开发行政府债券。

The Central Bank is authorized to sell government bonds on the open market .

他们热心购买政府债券。

They are eager to buy their government bonds .

指期限可长达30年的德国联邦政府债券

German federal government bonds issued with maturities of up to 30 years .

为了降低长期利率，英国央行（bankofengland）一直在购买政府债券。

To lower long-term interest rates , the Bank of England has been buying government bonds .

同时，尽管美联储已经终止资产购买计划，但日本央行（BankofJapan）仍忙于购买政府债券。

And while the Fed has drawn its asset purchases to an end , the Bank of Japan is still busy buying government bonds .

另一种选择是狭义银行（narrowbank）模式。在这种模式下，银行只能将储户的资产投资于低风险的政府债券。

Another alternative is the narrow bank model , which confines the banks to investing depositors ' assets in low-risk government securities .

今年早些时候，德意志银行（deutschebank）悄然决定缩减其对意大利政府债券的敞口。

Earlier this year , Deutsche Bank quietly decided to reduce its exposure to Italian government bonds .

国际会计准则理事会（InternationalAccountingStandardsBoard）已经迈出了头一步，对欧元区银行是否为政府债券相关损失作了充足拨备提出了质疑。

The International Accounting Standards Board has taken a first step , raising questions about whether eurozone banks are provisioning adequately for losses on government bonds .

欧洲央行（ECB）开始买入政府债券，而就在几天之前，该行还坚称自己不会这样做。

The European Central Bank began buying government bonds days after insisting it would not .

欧洲中央银行（EuropeanCentralBank）负责为包含19个成员国的欧元区制定货币政策，它近期宣布了一项计划，其中包括印钱买进价值数千亿欧元的政府债券。

The European Central Bank , which dictates policy in the 19-member eurozone , announced a plan that involves printing money to buy hundreds of billions of euros of government bonds .

尽管如此，据国际货币基金组织（imf）表示，高品质的政府债券几乎占了潜在安全资产供应的一半。

Still , high-quality government securities account for almost half the supply of potentially safe assets , according to the IMF .

传统的做法是将地方政府债券收益率当作无风险回报率，其beta值为零。

The convention is to use the yield on local government debt as the risk-free rate , which has a beta of zero .

日本银行（BankofJapan）周五出人意料地宣布，将扩大购买政府债券和其他资产的行动，使之达到每年价值逾7000亿美元的规模。

In an unexpected decision , the Bank of Japan said on Friday that it would expand its program of buying government bonds and other assets to the equivalent of more than $ 700 billion a year .

德国已出台了一项禁令，禁止裸卖空德国股票、欧元区政府债券和与这些债券挂钩的CDS。

Germany has announced a ban on naked short selling in German stocks , eurozone government bonds and credit default swaps linked to these bonds .

然而，如果政府债券的beta值为正，那么就需要考虑对使用这些模型的投资者的影响了。

If , however , the beta on government paper has a positive measure then it is worth pondering the implications for investors who use these models .

欧洲央行（ecb）购买债券是权宜之计，这使其成为政府债券事实上的定价者。

Bond buying by the European Central Bank is a stop-gap measure and one that makes the ECB the de facto price setter for government bonds .

信贷危机以来，政府债券已经变成最佳的AAA级资产，在很大程度上反映了这一点。

That is largely reflected by the fact that government debt has become the triple A asset of choice since the credit crisis .

花旗集团（Citigroup）固定收益策略师AlbertLeung表示，总回报率不太可能显著高于政府债券的收益率。

Albert Leung , a fixed-income strategist at Citigroup said the total return was unlikely to be substantially higher than the yield on government bonds .

从技术角度讲，EFSF作为单一险种保险人，能够在协议比例的范围内，为政府债券提供一种最初亏损额度保险。

Technically , the EFSF monoline insurer would provide a first-loss tranche insurance for government bonds up to an agreed percentage .

印度央行（ReserveBankofIndia）宣布，当地银行必须通过购买政府债券等举措，来提高准备金率。此举旨在从系统内收回流动性，抵御重新抬头的通胀威胁。

The Reserve Bank of India announced that local banks would have to boost their reserves , partly through the purchase of government bonds , in an effort to withdraw liquidity from the system and ward off the renewed inflation threat .

sec指控这些陈述是假的，2008年7月提交申请的时候，该公司没有为任何资产支持证券和政府债券发布过评级。

The SEC alleged that those statements were false and at the time of the application in July 2008 the company had not issued any ratings for asset-backed or government debt .

根据他们的方案，可将成员国的一部分政府债券并入一个单一债券，规模上限是各国国内生产总值（GDP）的60%，而高于这个门槛的任何债务都仍将由各国政府承担。

Under their scheme , a member states debt of up to 60 per cent of gross domestic product would be folded into a single bond , while governments remain responsible for any debts above that threshold .

欧元问世后，商业银行可在欧洲央行（ecb）的贴现窗口，为自己所持有的政府债券进行再融资，而监管者认为这些债券是无风险的。

After the euro came into force , commercial banks could refinance their holdings of government bonds at the discount window of the European Central Bank and regulators treated such bonds as riskless .

ClearingHouse的研究报告显示，截止2012年7月，美国银行业的流动性资产达到了规定的81%，高于两年前的59%，原因是它们增加了政府债券持有量和储蓄规模出现增长。

According to the Clearing House study , US banks had 81 per cent of the liquid assets they require as of July 2012 , up from 59 per cent two years earlier because of increased holdings of government bonds and deposit growth .

他表示：我们提供的是一种越来越稀有的商品，那就是AAA评级的政府债券，锦上添花的是，它们在最高评级债券中拥有最高的收益率。

We offer what is an increasingly rare commodity , which is a triple A rated government bond with the icing on top the highest yield on those top-rated bonds , he said .

讨论主要集中在银行及银行持有的美国和英国等国的国债上，因为《巴塞尔协议》（BaselI）将政府债券列为零风险，即假定它们没有风险。

The broader debate has focused upon banks and their holdings of Treasuries , gilts and the like as Basel I assigns a zero risk weight to government bonds - the assumption being that they are without risk .

事实上，它已经把短期利率调到零，而且已经通过用新发行的货币购买政府债券，推出了两轮量化宽松货币政策（QE）。

It has already , in effect , lowered short-term interest rates to zero , and carried out two rounds of quantitative easing ( QE ), the purchase of government bonds with newly printed money .