China's specter has also been hovering over the U. S. government bond market, where it is the second-largest foreign investor after Japan.

由于中国是美国国债第二大持有国(仅次于日本)，因而这一恐慌亦波及美国国债市场。

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The graphic representation of the various interest rates at the various tenors of a particular government bond market gives a snapshot of interest rate expectations over time.

收益率曲线表示在某一瞬间，市场对不同期限国债的利息率的期望。

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The euro crisis has spread to Italy, the world’s third-largest bond market, which means the stock of rich-world government debt that is considered safe has shrunk dramatically.

欧元区危机已蔓延到意大利，这里有世界第三大的债券市场。 这意味着，之前持有认为相对安全的发达国家的国债，已经大幅缩水了。

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So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.

所以对于政府债券或者优质债券,超额收益的空间不大

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The trade is still miniscule compared to the more liquid U.S. government bond market.

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That was hardly the reassurance that an increasingly fractious government bond market needed and forced fresh sales.

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The U.S. government debt market is the largest and most liquid money market and government bond market in the world.

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