但是，一些在1985年前发行的国债有赎回条款，所以你需要注意你是否在二级市场上买了这些债券。
Some Treasury bonds issued before 1985 did have call provisions, however, so you need to watch out if you buy these bonds in the secondary market.
为何发行价和二级市场价之间存在差距？
Why the mismatch between the offering prices and the market values?
这些债券迎来了强劲的需求，发行后在二级市场的价格均出现上涨，突显出市场对此类债券的需求之大。
These bonds saw strong demand and traded higher in the secondary market once they were priced, underlining the appetite for this debt.
各信用评级的发行期限更为丰富与完整，将有利于形成合理的公司债券收益率曲线，为二级市场流通提供定价基准。
The maturity of various credit rating bond is more abundance will help to build up a rational corporate bond yield curve, and provide pricing benchmark for secondary market circulation.
证券公司是我国投资银行体系中的主体，其业务主要是从事证券发行承销和二级市场交易业务。
The securities firms is a subject in the system of investment banks of our country, their business is mainly engaged in securities issue and second marketing .
优化国债发行成本的关键在于降低国债二级市场偏高的收益率，优化国债期限结构。
The key to optimize the cost of bond issue lies on the lowering of the high return rate of the second market of government bond and the optimization of its term structure.
初级市场指发行新证券的市场，之后，证券在二级市场转售或购买。
Primary markets are markets where new issues of securities take place. Any subsequent resale or purchase of such securities is handled on the secondary market.
根据证券市场本身的层次，文章构建了一级发行市场中的寻租合谋监管博弈模型和二级交易市场中的混合策略监管博弈模型。
By considering the structure of the security market, the game model of seeking-rent supervision for the publishing market and the model of mixed strategies for the trading are designed.
在这个运作系统下，投资银行会变成外汇市场、货币市场、商品市场等，对于先前发行的有价证券维持二级市场。
Under this operation, the investment bank will make markets in foreign exchange, money markets, commodity markets, etc., and maintain a secondary market for previously issued securities.
二级市场指对已在初级市场发行的证券进行买卖的市场。
The secondary market is where securities are bought and sold once they have been issued in the primary market.
这些现有的定价模式缺乏考虑增发价格对二级市场股价冲击，而这一点正是增发定价与首次发行定价的最大不同。
Now in the financial field, scientist discuss several pricing models, which all don't think of the effect of marketing price, which is the most difference from the IPO.
针对新股首发市盈率高及其在二级市场初期暴涨而后暴跌的现象，本文运用系统结构分析方法对我国的新股发行体系下所形成的新股发行交易的相互关系进行研究。
The phenomenon that stocks in IPOs trade with high PE ratio and that their price rise at the beginning then slump in the secondary stock market has aroused great attention.
无信息投资者获得的初始收益不仅受到发行前就已知的市场收益的影响，而且受到二级市场换手率的影响。
The initial return earned by uninformed investors was affected not only by publicly known pre-IPO market return but also by the turnover rate of stock transactions in the first day of trading.
但如果发行定价与二级市场价格相差过大，则说明发行定价方式存在一定的不合理性。
But if there is a big difference in price between the new offer and the second-class market, it will indicate that there is irrationality in the way of the IPO pricing.
此外，加强对股票发行市场的信息监管，也是保证上市公司质量从而防范二级市场风险的关键。
Moreover, strengthening the supervisal of the information in the IPO market is also an important way to guarantee the quality of the listed company and to keep away the risk of secondary market.
二级市场：交易原物主或原发行机构曾在初级市场出售的商品或证券的市场。
Secondary market: the market where something is traded after having initially been sold (on the primary market) by the original owner or issuer.
二级市场：交易原物主或原发行机构曾在初级市场出售的商品或证券的市场。
Secondary market: the market where something is traded after having initially been sold (on the primary market) by the original owner or issuer.
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