The risks are obvious: bond purchases expand the money supply, potentially leading to inflation.
风险是显而易见的：债券的购买扩大了货币供应，潜在地导致通货膨胀。
In the graph below, the bond market is at equilibrium at point a, at the intersection of the supply of bonds, s, and the demand for bonds, d.
下图所示，债券市场在债券供应s与债券需求d的交叉点A点处于平衡状态。
Apart from unattractive longer-term valuations, the other concern is that sovereign bond supply is increasing at over 10% per annum due to fiscal deficits.
除了不具吸引力的长期估值外，另一个让人担忧的问题是财政赤字导致的每年增速逾10%的主权债券。
The increase in sovereign bond supply to fund deficits is another concern.
用于支付赤字的主权债券增长将是另一个令人担忧的问题。
The fifth part of paper gives a separate analysis the effects of the main factors---Rate, money supply and price index to the stock market and bond market.
文章的第五部分分别分析了宏观经济中的主要因素利率、货币供应量以及物价指数各自对股市和债市的影响程度。
The structure and number of government bond determine the supply function of government bond, based on the ability of supply function.
从国债自身功能供给能力看，国债结构和国债数量决定国债功能供给水平。
The structure and number of government bond determine the supply function of government bond, based on the ability of supply function.
从国债自身功能供给能力看，国债结构和国债数量决定国债功能供给水平。
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