Oil seems to be putting in a bottom on strong volume, no one is left to buy any more negative real-yield securities the Treasury is issuing, and gold has started looking very bullish.

石油似乎是在巨大的交易量下建立了一价位的底部，没有人会再购买财政部发行的任何负实际收益的证券了，黄金已经开始进入强烈看多的行情了。

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Article 3. When issuing and dealing in securities, all concerned must abide by the principles of openness and fairness.

第三条证券的发行、交易活动，必须实行公开、公平、公正的原则。

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Article 209. All the illegitimate incomes and fines lawfully confiscated and collected from issuing and trading securities against the law shall be delivered to the national Treasury.

第二百零九条依照本法对证券发行、交易违法行为没收的违法所得和罚款，全部上缴国库。

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For a company issuing securities to fund its growth, shares are the least risky choice.

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Investors who use credit ratings also do not pay directly, because ratings are generally paid for by those issuing securities.

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The Treasury said Wednesday it was issuing securities to assist the Fed.

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