【正文】
e bond market, we can understand the bond market more clearly.Part 2. The definition of the bond market and bond一、Bond market: The bond market is issued, subscribed and traded bonds activities in general, is an important part of the securities market. Mainly constituted by Issuance market (primary market) and Circulation market (secondary market).二、bond: The bond is a securities that issued by various types of economic entities to raise money. And they make a promise to the investors that they will pay the interest and principal to them at the yield to maturity.Part 3. Running of the bonds in the market一、The classification of the bond marketDomestic bond market OTC marketExchangetraded marketCirculation marketAccording to the form of market organization Issue market According to the bonds running and the basic functions of the marketAccording to the placeof issue bondInternational bond market二、The classification of the bondSecured bonds, Unsecured bondsGovernment bonds, Financial bonds, Corporate bondsPublic offering bonds, Private debtThe nature of guaranteeGuaranteeFloatation Interest paymentThe main issueDiscount bonds, Interestbearing bonds, Cumulative bond couponPhysical bonds, Certificated bonds, Bookentry bondsForm of bonds(一)、Government bondsDefinition:Issuer: Government or Other agenciesPurpose: financingMainly including: Treasury bonds and BondProperties:(1).Securities(2). Financing toolscharacteristic(1)、High security Government bonds are bonds issued by the government, and the government takes the responsibility for the debt service and its credit rating is the highest, often referred to as gilts(2)、Liquidity strongGovernment bonds is a country39。 it has high degree of credit and has small risk (4)、Duty FreeGovernment bonds is the government39。s Bankof ChinaA. Par valueB. premium bondC. discount bondA、PublicofferingB、underwriteC、direct sell D、PaymentE、ForcedAssessed methodthe localGovernmentbondsLocalgovernmentPeople39。 general obligation bonds216。 savings bondsOther types of treasure bonds216。 Longterm treasury bonds for construction issuerInvestorcharacteristicbookentry treasure bondsA. Stock Exchangebetween the bank and stock exchange market A. personalB To bank and nonbank financial institutions(1)can be report loss, safety (2)can be transfer in the market (3)have many kinds (3) use the