对这类投资者，一旦把所有的费用都考虑进去，公司债券可能就不那么便宜了。

For such investors, corporate bonds may not be all that cheap once all the costs have been taken into account.

youdao

CPDO热仅仅是投资者对公司债券的偏爱的一个标志。

The CPDO craze is just one sign of investors' appetite for corporate debt.

youdao

较低的实际利率对今年的资产市场形成了支撑，投资者被迫购进诸如权益，公司债券甚至大宗商品等风险资产以追求更高的收益。

Low real rates have propped up asset markets this year as investors have been forced into riskier assets like equities, corporate bonds and even commodities in search of higher returns.

youdao

Suppose you are a naive investor and you say, okay I'm going to invest in companies' paper, which is their promise to pay --their IOU.

假如你是一个菜鸟投资者,想投资于这些公司的债券,债券就是他们的偿还凭证或者说欠条

耶鲁公开课 - 金融市场课程节选