德国国债市场是欧洲最为重要、流动性最高的政府债券市场,其中长期国债是欧元区债券市场的基准,经常用作其他债券的定价和报价的参考,国债利率水平在很大程度上决定了欧洲筹资和投资的条件,能最终影响实体经济的决策。国债市场的发达源于德国在长期的国债管理实践中,形成了一套行之 The German Treasury bond market is the most important and most liquid government bond market in Europe. The long-term treasury bonds are the benchmark for the Eurozone bond market. They are often used as a reference for the pricing and quotation of other bonds. The interest rate of treasury bonds largely determines the European The conditions for financing and investing can ultimately affect the real economy’s decision-making. The development of the bond market originated in Germany in the long-term treasury management practice, formed a set of actions