3月4日晚,中国债市迎来首例实质性违约。原定于3月7日发放8980万利息的“11超日债”仅能按期支付400万元,至此债市刚兑传统被打破。本文从超日公司和“11超日债”基本情况入手,并结合我国债市原有基本情况,分析此次事件带来的影响和意义。 On the evening of March 4, China’s bond market ushered in the first substantive default. Originally scheduled on March 7 89.8 million interest payment “11 super-day debt ” can only pay 4 million yuan on schedule, thus the bond market has just against the tradition was broken. This article starts with the basic conditions of the ultra-Japanese companies and the super-debt of 11 and analyzes the impact and significance brought by this incident based on the original basic situation of the bond market in our country.