一夜之间,流动性和信用就变成稀缺资源,取而代之的是严重且破坏价值的不确定性。
Liquidity and credit suddenly become scarce and a devastating, value-destroying uncertainty takes hold.
高流动性的美国国债成为在此期间保持住价值的为数不多的资产之一,也使这所大学满足了私募股权公司的资本要求。
The highly liquid Treasurys were one of the few assets to hold their value over the period and also enabled the university to meet capital calls from private-equity firms.
但投资者如果在国库债券流动性不足的时候要求收回他们的钱银,那么货币市场基金可能会被迫暂停货币回笼或“跌破票面价值”。
But if investors demanded their money back at a time when Treasury bills were illiquid, money-market funds might be forced to suspend resumptions or "break the buck".
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