Many segments of the debt market are made up of edifices that are now crumbling.
许多阶层的债券市场是由建筑,目前摇摇欲坠.
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Rates fell this week, and high-quality issuers were able to raise finance in municipal-bond markets.
本周,利率有所下跌, 优质的债券发行商在市政债券市场的融资也有所增加.
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But demand exceeds supply on China's key interbank debt market, traders say.
但交易员称,中国主要银行间债券市场的需求超过了供给.
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That has driven down the liquidity premium in the bond market nd pushed yields lower.
那已降低了债券市场上的流动性溢价(使得产量更低).
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