Sovereign bonds refer to foreign currency (such as US dollar, euro and other major currencies) bonds issued in the international market in the name of the government to raise funds, mainly including treasury bonds and public bonds.

Sovereign bonds refer to foreign currency bonds issued by national governments and purchased by foreign investors. The main issuer of sovereign bonds is the government, which is a bond issued by the financial department of the government or other institutions in the name of the government to raise funds. Generally speaking, national debt is a combination of foreign debt and domestic debt, and foreign debt is usually called sovereign debt.

The issuer of sovereign bonds is the government. Refers to the bonds issued by the government finance department or other institutions in the name of the government to raise funds, mainly including treasury bonds and

Public debt falls into two categories. General treasury bonds are issued by the Ministry of Finance to make up for the imbalance of fiscal revenue and expenditure; Public debt refers to bonds issued to raise construction funds. Sometimes they are also collectively referred to as public debt. Central sovereign bonds (government bonds) are issued by the central government, and local sovereign bonds (local bonds) are issued by local governments.