转变是由于亚洲中央银行偏爱买入短期国债(公债)而导致债券市场扭曲。
The shift was due to a distortion in the bond market because Asian central Banks preferred to buy short-dated debt.
30年的市政公债和国债的收益差不多：分别为4.7%和4.6%。
On 30-year bonds, the muni and Treasury yields are virtually the same-4.7% and 4.6%.
一个预警信号就是国债实际收益(参照通胀挂钩型公债市场)已有所上升。
One warning sign is that real bond yields (as measured by the inflation-linked market) have risen.
就在信贷危机酝酿之前，投资者对挥霍无度的意大利公债的热情甚至不亚于对节俭的德国国债的热衷。
Before the credit crisis started to brew, investors were almost as keen to own the public debt of profligate Italy as that of prudent Germany.
国债作为公债的重要组成部分，是国家信用的主要形式。
Government bond, which is an important component in the bond marker, is the main form of government credit.
国债作为公债的重要组成部分，是国家信用的主要形式。
Government bond, which is an important component in the bond marker, is the main form of government credit.
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