The U.S. treasury yields are volatile (and correspondingly, the treasury prices), and this would in turn have an impact on the benchmarkyieldcurve, and bonds that are priced off these benchmarks.
The yieldcurve is shaped by very specific securities, whose yield is taken as a benchmark for that period.
收益率曲线仅由有限的几种债券形成,它们的收益率曲线只代表了当时那个时间段的衡量基准。
3
The maturity of various credit rating bond is more abundance will help to build up a rational corporate bond yieldcurve, and provide pricing benchmark for secondary market circulation.