那已降低了债券市场上的流动性溢价（使得债券的收益率更低）。
That has driven down the liquidity premium in the bond market (and pushed yields lower).
在对流动性众多的研究中，关于流动性溢价研究是一个重要的分支。
In the study of liquidity, numerous about liquidity premium research is an important branch of the big.
从而得出本文的重要结论，噪音交易是流动性风险和流动性溢价产生的原因。
Thus, it can come to the important conclusion in this essay that noise trading is the origin of liquidity risk and liquidity premium.
结果发现，我们所选取的几种流动性指标和收益率之间都存在着一定的因果关系，也就是说我国股市存在流动性溢价。
The result reveals the causal relationship between the liquidity indicators that we choose and earnings yield, meaning that China's stock market has liquidity premium.
如果所有成员国家的公众债务规模都微乎其微，那么发行最高占到GDP40 %或者60%的欧洲债券应该可以覆盖它们所有的资金需求，而且它们还能够收获到适量的流动性溢价。
If all member countries had little public debt, issuing European bonds up to 40% or 60% of GDP would cover all their funding needs, and they could reap a modest liquidity premium.
这种溢价来源于中国的资本控制，这种控制造成大量股市流动性集中在沪深股市中。
The premiums stem from China's capital controls, which trap a lot of stock-investing liquidity within the Shanghai and Shenzhen markets.
任何溢价的收缩可能意味着市场更具有流动性。
Any shrinking of this premium may suggest markets have become more liquid.
这可能是因为投资者都要求持有非流动性资产所要求的溢价。
This is probably because investors have demanded a premium for owning an illiquid asset.
ETF的显著特征包括：内在的流动性、节税、资产净值无持续的溢价或折价，这些特征将稍后讨论。
Distinguishable features of ETFs include their underlying liquidity, tax efficiency, and lack of persistent premiums or discounts to their net asset values (NAV), which are discussed next.
麦金农的负风险溢价理论说明，在流动性陷阱的情况下，日本银行业很难赢利。
Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.
麦金农的负风险溢价理论说明，在流动性陷阱的情况下，日本银行业很难赢利。
Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.
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