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ousehold balance sheets could balance, and the revival of manufacturing jobs brought the increase, the inhabitant income sources to open, the American family income statement can gradually balance, American consumption potential can be reactivated, but no easy feat.

Obviously, the American economy at present and the future a long period of kinetic energy and a number of years the growth rate of only 1.5% is not enough to support the financial situation of improvement and the digestion of huge debt.Conversely, the United States is trying to thoroughly get rid of the development model of 'debt economy' there is almost no possibility.Under the background of the 'dilemma', America's debt ceiling can only again and again to break, its debt the expansion of the scale is on the edge of the step by step into the risk.

Treasury bonds repurchase business is customer will be managed in the securities company bonds, instruction securities companies to sell the securities exchange and registration, promises to buy back within a certain amount of time.Treasury bonds repurchase for bondholders, is essentially debt financing, and for a securities company, is a kind of agent behavior.

Treasury bonds repurchase business has the following characteristics: (1) of the Treasury bonds repo transactions mark is a standard ticket rather than the debt itself.Treasury bonds repo transactions is Treasury spot trading derived varieties, with a listing on the stock exchange Treasury spot varieties as the pledge of short-term securities lending and borrowing behavior, the standard bonds is the discount rate in accordance with regulations of the exchange, on the basis of the market price of the Treasury cash equivalent of the face value of the fixed and unified virtual stamps, in the Treasury bonds repo transactions, standard stamps actually play the role of a kind of proof of charge to an account.(2) to carry on the Treasury bonds repo transactions of parties exchange members only.Different from stock trading, Treasury bonds repo transactions in securities companies in its own name standing orders, exchange does not know the actual transaction parties.Treasury bonds repo transactions is to adopt a clinch a deal, two liquidation method, standard bonds and funds settlement between members, investors or customers are not clearing the legal relationship of the parties.(3) the Treasury bonds repo transactions based on the national debt pledge.First of all, investors in government bonds repurchase, must declare to repurchase, agreed to buy its bonds repurchase pledge;Second, the securities company seat all the declaration on the repurchase of bonds in accordance with regulations of the exchange of conversion ratio for standard certificate, the securities firm to standard bonds repo transactions, with corresponding national debt pledge at the same time, make money again after capital account of settlement to the investors.Securities companies can also has its own national debt buyback made money, but each securities firm in the Treasury bonds repo trades amount shall not exceed the standards for the value of securities company account.

Before the reform of the system, one of the Treasury bonds repurchase risk potential is the result of Treasury bonds repurchase secondary escrow system.Securities company is after all the account summary report t本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。