以这么高的价格买进，让他们满足于只按票面价值(债券的全部价值)偿付，几乎没有什么意义。

It rarely makes sense to buy at that high a price for them to be satisfied with being paid off only at par (the full value of the bond).

youdao

我们卖掉了全部股票和债券。

We divested ourselves of all stocks and bonds.

youdao

而且这可能使为这些全部赤字提供资金的债券的购买者受到惊吓。

And that might spook the buyers of bonds that finance all those deficits.

youdao

I'm not going to put Yale's entire portfolio in Google stock, I'm not going to go back and take Yale's entire portfolio to day-trade bond futures; in part, because it would be bad for me personally.

我不会用耶鲁的全部资产买谷歌股票,我也不会,用耶鲁的全部资产买债券期货,一方面是因为,这对我个人不利

耶鲁公开课 - 金融市场课程节选