That has driven down the liquidity premium in the bond market (and pushed yields lower).

那已降低了债券市场上的流动性溢价（使得债券的收益率更低）。

In the study of liquidity, numerous about liquidity premium research is an important branch of the big.

在对流动性众多的研究中，关于流动性溢价研究是一个重要的分支。

Thus, it can come to the important conclusion in this essay that noise trading is the origin of liquidity risk and liquidity premium.

从而得出本文的重要结论，噪音交易是流动性风险和流动性溢价产生的原因。

The result reveals the causal relationship between the liquidity indicators that we choose and earnings yield, meaning that China's stock market has liquidity premium.

结果发现，我们所选取的几种流动性指标和收益率之间都存在着一定的因果关系，也就是说我国股市存在流动性溢价。

If all member countries had little public debt, issuing European bonds up to 40% or 60% of GDP would cover all their funding needs, and they could reap a modest liquidity premium.

如果所有成员国家的公众债务规模都微乎其微，那么发行最高占到GDP40 %或者60%的欧洲债券应该可以覆盖它们所有的资金需求，而且它们还能够收获到适量的流动性溢价。