第三个信用衍生品的特质是它们能以风险为基础分割企业债券。
The third quirk of credit derivatives is that they allow corporate bonds tobe sliced and diced on the basis of risk.
交易主体、交易品种以及托管方式等方面的差异是造成我国债券市场分割局面的主要原因。
The differences in trade subject, the variety of trade and way of trusteeship, etc. are the main reasons that cause the segmentation situation of bond market.
虽然我国的债券市场受行政干预形成市场分割，但目前也处于相同的均衡状态。
Although the Chinese bond market is the segmented market under administrative intervention, it is also in the same equilibrium now.
宽限期的宿命是债券，让身体的教会和它的每一个成员，是不可分割的加入与头部。
The grace of predestination is the bond whereby the body of the church and each of its members is indissolubly joined with the head.
但随着成员国债券收益率之差扩大，市场已经分割开来。
With member-country bond yields now diverging, 'it's a fragmented set of markets.
但随着成员国债券收益率之差扩大，市场已经分割开来。
With member-country bond yields now diverging, 'it's a fragmented set of markets.
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