But in the process of the real conduction, the risk of it is still ubiquitous, especially on security caused by policy, market, bank, mortgage and so on.
在实际运作中其风险仍无处不在，尤其是在“安全性”上存在着政策、市场、银行、抵押物等风险。
In the second part, the author will first investigate the reflection effect of SHIBOR on market anticipation, and then research the conduction effects of SHIBOR in the bonds market.
在长端利率体系方面，本文将首先考察SHIBOR对于市场预期的反应，然后考察其对于债券市场利率体系的引导效果。
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