2005与2006年期间，投资者购买债券以及与商业地产和住宅地产市场相关的结构金融产品。
During 2005 and 2006, investors were chasing yield by buying bonds and structured products linked to the commercial - and residential-property markets.
判决确定，债券结构——在荷兰登记注册，并将纠纷提交至纽约法院——缺少证据支持，因而无法对债务人执行。
The structure used in the bonds—a Netherlands registration and an agreement to take disputes to court in New York—was determined to be untenable and unenforceable against Indonesian debtors.
他们对公司债券的评级倒还好说，但是对于结构性债券就不那么上道了，主权债券也好不到哪儿去，而最近他们对于市政债券的评级又被口诛笔伐。
Their ratings of corporate debt may have held up well, but they were way off in structured securities, not a lot better in sovereign debt, and now their municipal-bond ratings, too, are under fire.
我们先讲贴现债券，然后是附息债券，再讲讲利率的期限结构，以及为什么要有利率？
We're talking about discount bonds, and then coupon-carrying bonds, and then talk about the term structure of interest rates and why we have interest rates.
结构性赤字马上再现，但只要全球存款能保住美国低廉的借钱成本，债券市场似乎就不必在意巨大的赤字了。
Structural deficits soon re-emerged, but the bond market no longer seemed to care, as long as the global savings glut kept America's borrowing costs low.
但是同样有结构性的原因说明为什么投资者更钟情于债券而不是股票。
But there may also be structural reasons why investors are favouring bonds over shares.
在昌盛时期，银行可以通过债券及债务出借，并将这些债务通过结构性产品出手。
In the boom, Banks were able to lend money via bonds and loans and then unload the debts in the form of structured products.
发行欧洲债券不会降低一个国家的总体债务水平，而只是改变了其债务的结构组成。
Issuing European bonds would not lower a country's overall debt, but only change its composition.
正如房地产市场依赖次级借款者，结构化债券市场依赖于次级投资者。
Just as the housing market was dependent on subprime borrowers, the structured-debt markets were dependent on subprime investors.
债券持有者希望资本结构有更多的缓冲资金，以防范损失。
Bondholders want a greater cushion beneath them in the capital structure to protect them against losses.
后来的结构安排表明中国汲取了教训，例如，通过利用可转换债券保护自己不受价格波动的影响。
Subsequent structuring shows lessons have been learnt, by, for example, using convertible bonds for protection from price fluctuations.
五年后，27%的原定为A级的公司债券遭到降级，而市政债券和主权债券中这一比例分别只有6%和3%，结构型产品不出所料仍是表现最差的，降级率高达53%。
After five years, 27% of A-rated corporate bonds were downgraded, versus 6% of municipal bonds and just 3% of sovereign issues. Unsurprisingly, a whopping 53% of CDOs were downgraded.
但是，再次长期债券通过流通债券期限结构的改变而对冲这种影响(通过从长期国债转向中期国债)。
But, again, the Treasury could offset this effect by changing the maturity structure of its outstanding debt (by shifting toward bills and away from bonds).
这很大程度上归功于诸如抵押债券、汽车贷款之类的“结构金融”产品以及与之相关的金融衍生品发行的快速增长。
This is thanks largely to the explosion in issuance of "structured finance" products: bonds backed by mortgages, car loans and the like, as well as the derivatives linked to them.
上世纪80年代的对应词是垃极债券与LBOs(杠杆收购)最近这次的则是债务抵押债券(CDOs)，利率贷款(Option ARMS)结构型债券，以及与复杂与令人费解的金融相对应的虚拟词典。
In the 1980s they were junk bonds and LBOs. The most recent bubble offered CDOs, Option ARMS, Structured Notes and a virtual lexicon of complex and convoluted financing.
“影子金融”产业是由非银行机构和贷款人共同构成，大量上述交易在此进行，同时交易的还有该产业创造的结构性产品(如债务抵押债券CDOs和贷款抵押债券CLOs等)。
A lot of this had to do with the "shadow finance" industry of non-bank institutions and lenders, and the structured products (such as CDOs and CLOs) it created.
企业在发行新债券时必须对交易成本和代理成本进行权衡，寻求最优债券期限结构。
Firms that pursuing optimal bond maturity structure must weigh transaction and agency costs of a new corporate bond issue.
那些瑕疵也许导致债券的破损或，在最终产品结构的不同心度。
Those defects may lead to the breakage of the bonds or, misalignments in the final product structure.
相对于银行间市场，交易所债券市场一直处于边缘化状态，在债券发行、债券成交量、债券品种、投资者结构上都与银行间市场有着差距。
Compared to the inter-bank market, the exchange bond market has been marginalized for the lower-leveled bond issuance, bond trading volume, bond products, and the structure of investors.
企业可转换债券既是企业市场价值的或有债权，又是利率及其期限结构的或有债权。
Convertible bond is the contingent claim not only of the firm value, but also of interest rate and its term structure.
第二，债券结构多元化。
制度性缺陷是制约中国债券市场规模扩大、结构完善及其经济功能全面发挥的根本原因。
The institutional drawbacks are essential for constraining the scale, the structure and economic function of bonds market in China.
利率期限结构描述了不同期限零息债券的收益率及其与到期期限之间关系。
The term structure of interest rates describes the relationships between the yields of zero coupon bonds and their terms to maturity.
利率期限结构，又称为收益率曲线，是指在某个时点上不同期限的零息债券到期收益率所组成的一条曲线。
Term structure of interest rate, which is also called the yield curve, plots a set of yield to maturity of the zero-coupon bonds with different maturities.
尽管取得了这样辉煌的成就，但是，企业债券市场的结构上还是存在重大的缺陷。
Despite this success, however, significant deficiencies existed in the structure of the corporate bond market.
这表明高效证券市场的结构是债券市场强、股票市场弱。
The present structure of our security market is very bad. The stock market is stronger than the enterprise bond market.
上述市场结构与行为直接影响市场绩效，银行间债券市场流动性不足，货币市场特征明显。
The above mentioned IBBM structure and conduct influence the market performance directly, which declines the IBBM's liquidity and makes money market character more obvious.
但是可转换债券由于附带各种条款，结构复杂，所以定价难度很高。
However, due to convertible bonds 'complex structure with a variety of terms, it is rather difficult to do the pricing.
但是可转换债券由于附带各种条款，结构复杂，所以定价难度很高。
However, due to convertible bonds 'complex structure with a variety of terms, it is rather difficult to do the pricing.
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