Comparative Study Of American Bond Market

With the economic development and financial deepening, the bond market is becoming more and more important in the financial system. The national debt is not only provide for the government an important financing channel to make up for the budget deficit, but also provide an important tool for the central bank to conduct open market operations. In addition, the yield of the government bonds market provide investors a risk-free yield basis, it will play an increasingly important role in the process of China’s market-oriented interest rate.As we all know, the gap between China and the United States’government bond market is not small, but in what aspects, and how much is the gap? The data we collected is enough to let all of the gap at a glance. This article studies the issue of China and the United States’treasury stock issued market, circulation market and the derivatives market from several dimensions such as treasuries size, structure and system. And according to the Treasury bond market at the present stage of development, proposed some policy recommendations to improve the government bond market in China.