Second, the option of buying bonds on the secondary market must be reconsidered.

其次，应该重新考虑在二级市场上购买债券的选项。

youdao

To offset this risk, the ECB came out and started buying Italian bonds on the secondary market, essentially taking the place of skittish private investors.

为了降低这一风险，欧洲央行挺身而出，开始在二级市场上收购意大利国债，简而言之，即从容易受到惊吓的私人投资者手中接盘。

youdao

Finally, the value of subprime and Alt-A mortgage bonds has soared in secondary markets this year, assuaging investor anger.

最后，次级和中间级(ALT - A)按揭债券的价值今年来在二级市场上飙升，一定程度上平息了投资者的怒气。

youdao

This dynamic feeds off itself, because as secondary bonds rise on stronger buying, relative value for new issues improves, which makes pricing come down, which stimulates greater demand and so on.

FORBES: Connect

On the secondary market, government bonds already in circulation are traded by banks and other financial institutions.

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But there is still not much of a secondary market for these bonds, which are mostly bought by commercial banks.

ECONOMIST: South Korea