As a result, global pension funds, insurers, and Banks are dumping Spanish and Italian bonds, threatening to drive rates to ruinous levels.
因此，全球养老金基金、保险公司和银行纷纷抛售西班牙和意大利国债，使其国债收益率一路飙升，直指灾难性的高位。
The more risk the pension fund takes (for example, by buying high-yielding bonds of companies with poor credit ratings), the lower its liabilities appear to be.
就像购买低信誉高收益率公司的债券一样，养老金基金承担的风险越大，它的未来债务额就显得越小。
Most of Peru's 32-year bonds were reportedly picked up by local pension funds.
据称，大部分秘鲁的32年期债券是由养老金基金会买下的。
Perhaps back then it made sense for some investors, such as pension funds, to be obliged to buy top-rated bonds.
也许当初对于某些投资者，譬如抚恤基金投资者等，一定得购买最佳债券才是有意义的。
The biggest Banks each have hundreds of billions of dollars of such debt, including overnight loans from other Banks, short-term paper sold to money-market funds and bonds held by pension funds.
多数巨型银行都有着数千亿美元的债务，包括：来自其他银行的隔夜贷款、出售给货币市场基金及债券(由退休基金持有)的短期票券。
A pension fund's rules might require them to sell bonds of companies in bankruptcy.
某个养老金的章程可能要求他们卖掉濒临破产公司的债权。
The US income tax base excludes:(1) interest on state and local bonds, (2) employer contributions to pension and medical plans, (3) gifts and inheritances.
美国所得税的税基不包括：（1）州和地方债券的利息；（2）雇主向养老金和医疗计划的缴款；（3）赠与和遗产。
The Bank of England recognises this issue. Its employees are guaranteed an inflation-linked pension so it meets that promise by buying inflation-linked bonds.
英格兰银行认识到了养老金的问题，为他们购买的是与通胀关联的债券，从而让员工享受到与通胀挂钩的养老金。
Among other things, the rise of pension funds, insurance companies and mutual funds in Latin America, Eastern Europe and Asia creates an appetite for local-currency bonds.
拉美、东欧和亚洲国家的退休基金、保险商和共同基金对这类本币债券有很大兴趣。
Among other things, the rise of pension funds, insurance companies and mutual funds in Latin America, Eastern Europe and Asia creates an appetite for local-currency bonds.
拉美、东欧和亚洲国家的退休基金、保险商和共同基金对这类本币债券有很大兴趣。
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