But, it showed additional information that you won't find on Treasury Direct; it showed bid and ask for dealers.

但是,那里还有,"国库指南"上没有的内容,对于中间商的买入价和卖出价

耶鲁公开课 - 金融市场课程节选

If you're a dealer, you've got to keep your bid-ask at market; otherwise, you'll get only one side or the other, right?

如果你是中间商,你的出价必须与市场一致,否则就只能拆东补西

耶鲁公开课 - 金融市场课程节选

The difference between bid and ask is the profit for the dealer and the bid-ask spread is the profit for the dealer.

中间商的利润来自出价和要价的差别,差价就是中间商的利润

耶鲁公开课 - 金融市场课程节选

That means that it's harder to make a market for it, so the dealer wants to charge more.

这意味着,这样的品种市场很小,所以中间商要收取更多的费用

耶鲁公开课 - 金融市场课程节选

The Wall Street Journal calls around to the dealer, which has an inventory of all these maturities and asks them for their bid and ask.

华尔街日报》联系中间商,他们有各类期限的国库券,并询问他们的买入价和卖出价

耶鲁公开课 - 金融市场课程节选

And a dealer--what a dealer does is it maintains an inventory of, in this case, treasury bills and then it stands ready to buy and sell.

中间商所做的是,囤积各类国库券,随时准备交易

耶鲁公开课 - 金融市场课程节选

Normally, when you have a dealer, the dealer has a-- when we talk in terms of price the dealer has an ask, which is higher than the bid.

一般来讲,当你和中间商交易的时候,如果以价格形式谈论,中间商的买入价,会比卖出价高

耶鲁公开课 - 金融市场课程节选

The dealer will charge a higher price for you to buy the furniture than will give to you to purchase the furniture from you; that's how the dealer makes a difference.

中间商给你的报价,会比向你收购同样家具的开价高,这就是中间商如何赚取差价

耶鲁公开课 - 金融市场课程节选