美国债券市场的新变化与新进展

New development of the US bond market

文章介绍了美国债券市场近年来的一些新变化和最新发展情况．分别描述了国债、联邦机构债券．市政债券、公即债券、资产担保债券和抵押债券等债券市场在发行、市场结构等方面的一些新变化．概括了一些新出现的发展特征．并进行了简单的分析．

This paper introduces the recent development of the US bond market detailing changes in the issuance system and market structure of such bond markets as treasury bonds, federal agency bonds, municipal bonds, corporate bonds, Asset Backed Securities and Mortgage Backed Securities. A summary of some of the new characteristics of the US bond market is accompanied by a concise analysis.