在公开市场上它的价格会高得多。
这些经济体通常以公开的方式故意操纵价格。
These economies employ intentional price-fixing, usually in an overt fashion.
虽然买家和卖家都很少留名,但拍卖行的价格是公开的。
Although buyers and sellers are rarely named, the auction price is public.
The Fed has these auctions but it auctions them off at what price the public will pay, so the Fed doesn't determine the term structure.
联储局公开拍卖债券,但只有当公众愿意以特定价格支付时,这些债券才能成交,所以联储局不能决定期限结构
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