To further enhance the understanding of market members towards the U. S. bond market, and allow them to gain an insight of the practices and latest trends of the bond market and risk management, NAFMII, upon the invitation of the Asia Securities Industry and Financial Markets Association (ASIFMA) and the Securities Industry and Financial Markets Association (SIFMA), held a senior bond market workshop (4th Session) from July 20 to August 1, 2014 in the United States. 26 senior executives and business elites from commercial banks, securities companies and insurance asset management companies, enterprises and other member units participated in the workshop.

Senior financial experts from such institutions as JPMorgan Chase & Co., Pacific Investment Management Company (PIMCO), Moody's, Bloomberg and Performance Trust Capital Partners delivered lectures on multiple topics, including development status and trends of debt capital market in the United States, regulatory framework and risk management status of the U. S. bond market, market outlook, rating methods and processes of high-yield bonds, as well as asset management strategies. At the workshop, the delegation also visited the trading centers of New York Stock Exchange (NYSE), PIMCO, Performance Trust and other institutions, made field visit to and got insights into relevant financial market transactions.

Fig.1 The Delegation takes a group photo in NYSE

Fig. 2 Mihir P. Worah, Deputy Chief Investment Officer of PIMCO, gives a lecture on the economic outlook and its impact on investment

Fig. 3 Dan Gates, Managing Director, Chief Credit Officer of Corporate FinanceGroup, Moody's Corporation, gives a lecture on rating methodologies

Fig. 5 Michael McDonough, Global Head of Economics at Bloomberg & Chief Dconomist Bloomberg, gives a lecture on U.S. economic outlook

Fig. 6 The delegation pays a visit to the trading room of Performance Trust

Fig. 7 Mark Austen, CEO of ASIFMA and Xiao Yu, head of NAFMII delegation deliver closing remarks