After analysing bond, equity and credit markets, Stephen Jen of Morgan Stanley recently argued that the risk of recession was only 13%, down from 19% a month before.

在分析了债券、证券和信用市场后，摩根·斯坦利的任永力最近认为，经济衰退威胁的可能性从一个月前的19%下降到只有13%。

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But a large collective bond issue could have benefits even for countries with low credit risk, as it would rival America's Treasuries market for liquidity.

但是大额的联合债券发行即使对信用风险很低的国家也有益，因为这种债券在流通性上足可匹敌美国国债市场。

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Another Swiss bank, Credit Suisse, is also in the spotlight after a bond trader left under a cloud.

另外一家瑞士银行，瑞士信贷(Credit Suisse)在一位债券交易人员因失宠离开以后也备受关注。

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Our government was once a junk bond credit and its debt traded at 15 cents on the dollar before Alexander Hamilton successfully restructured.

FORBES: Dow Jones Interactive

This implies that a creditors primary concern is not the absolute safety of a bond or other credit instrument, but its relative safety.

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Vicki Bryan of Gimme Credit, a bond-research firm, worries that Vanguard's shopping spree (and dividends to its shareholders) have left it with excessive borrowings.

ECONOMIST: American hospital companies