相对于银行间市场，交易所债券市场一直处于边缘化状态，在债券发行、债券成交量、债券品种、投资者结构上都与银行间市场有着差距。

Compared to the inter-bank market, the exchange bond market has been marginalized for the lower-leveled bond issuance, bond trading volume, bond products, and the structure of investors.

youdao

相对于银行间市场，交易所债券市场一直处于边缘化状态，在债券发行、债券成交量、债券品种、投资者结构上都与银行间市场有着差距。

Compared to the inter-bank market, the exchange bond market has been marginalized for the lower-leveled bond issuance, bond trading volume, bond products, and the structure of investors.

youdao