The collapse of just one bond auction could send shock waves around the world.

一笔拍卖的失败都可能导致全球的震动。

youdao

One is a failed bond auction that forces a country into default and sends a shock wave through the European banking system.

一是主权债券流拍，那会迫使一个国家陷入违约，并给整个欧洲银行体系带来一波冲击。

youdao

Spain's destiny may lie beyond its control; this week it paid almost 7% in a ten-year bond auction, its highest since 1999.

西班牙的命运可能超出了自控范围；本周它在10年期国债拍卖中支付了近7%的金额，这是1999年以来最高的。

youdao

Beneath the surface is this scary little ditty: A German bond auction failed today.

FORBES: Problem With Germany And China: Who Bails Out The Bailers?

That notion was reinforced by a fairly well-subscribed Italian government bond auction on Thursday.

FORBES: Gold Firmer on Bargain Hunting, Bullish Outside Markets

Meanwhile, tepid demand at a Spanish government bond auction pushed Spanish bond yields up Wednesday.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Slightly Lower on More Technical Selling, Bearish Outside Markets