债券市场的价格透明度

Price transparency in the bond market

债券市场的价格透明度是资本市场发展及稳定的重要基础之一，电子交易的快速增长、信用衍生品与利率互换市场的发展。债券信息系统建设上的成就以及其它的市场发展推动了债券价格透明度的提高。总的来说，价格透明度的提高对债券市场有利有弊。

Price ransparency in the bond market is one of the foundations for steady development of the capital market; Bond price is improved by fast growing e-commerce, the advancement of credit derivatives and the interest rate swap market, information system construction as well as the development of other markets. On the whole, enhancing price transpancy has advantages and disadvantages for the bond market.