The circulating market of national debt, which is also called secondary market, has a mutual relationship with first market.

国债流通市场，又称二级市场，与国债一级市场互为依存。

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It builds up a stochastic volatility interest rate term structure model to describe the behavior of financial market repo rate of national debt in China.

建立描述中国金融市场国债回购利率行为的随机波动利率期限结构模型。

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The yield of the national debt market is the prime interest rate of money markets.

国债市场收益率是金融市场的基准利率。

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Avoiding unreasonable expansion of the annual budget deficit and national debt, recognizing that both are as destructive as an adventurous stock market game.

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