A sudden loss of confidence in all sovereign debt, and especially in American Treasuries, the world's benchmark "risk-free" asset, would have calamitous consequences in a still-fragile recovery.

对所有主权债突然的的信心丧失，特别是被当作世界无风险债券标竿的美国公债，将在仍然脆弱的经济复苏中造成灾难性的后果。

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The estimation of interest rate of term structure has an important estate in financial research, for it is the benchmark for asset pricing, financial products design, hedging and risk management.

利率期限结构的估计在金融研究中有着重要的地位，它是资产定价、金融产品设计、保值和风险管理的基准。

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It is the benchmark for asset pricing, financial product design, hedging, risk management, arbitrage and speculation.

它是资产定价、金融产品设计、保值和风险管理、套利及投机的基准。

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How can one define the appropriate benchmark asset-class in the case of a new drug for a rare disease?

ECONOMIST: Economics focus

While active investment involves an asset manager making investments with the aim of outperforming a benchmark index, passive investment requires an asset manager to replicate the benchmark index by incorporating the constituent assets in similar proportions (weights) and thereby matching the returns of the index.

FORBES: BlackRock Priced A Bit Too Richly With Passive Investing So Popular

Despite being a broader portfolio tracking a more widely followed benchmark, its small asset base provides a shallow market for its shares.

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