If the price of the associated mortgage bond drops, the homeowner can buy the equivalent face value of bonds at a discount, and use it to redeem the existing home mortgage loan.

如果和贷款关联的债券掉价，业主就能以低价购进等量面值的债券并用之冲抵现有的贷款。

youdao

Italian, Portuguese and Greek government debt trades at spreads of at least one percentage point above equivalent German 10-year bonds, the highest since the euro was created in 1999.

意大利、葡萄牙和希腊国债的收益率至少要比10年期德国国债的收益率高出一个百分点，处于欧元1999年推出以来的最高水平。

youdao

Interest rate linked foreign exchange structured deposits are equivalent to callable bonds.

与利率关联的外汇结构性存款是可赎回债券。

youdao

The same goes for master limited partnerships in energy that the market considers the equivalent of junk bonds.

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British investors end up with net financial and other assets (mostly bonds) equivalent to 6% of GDP.

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As the price of Spanish government debt plummets, that generates losses for Spain's banks, which hold around 250bn euros of the country's government bonds, equivalent to a third of central government debt.

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