对于一些银行来说，短期债券市场也离此不远了。

Short-term markets have also been closing to some banks.

youdao

正是由于他们从短期债券市场的突然撤出才导致了资产支持商业票据的失灵。

It was their sudden withdrawal that caused the market in asset backed commercial paper (ABCP) to seize up.

youdao

票据市场是基础性的货币市场，主要包括商业汇票市场、商业本票市场及其他短期债券市场。

Paper Market is a basic money market, main including commercial bill of exchange market, promissory note market and other short-term bond market.

youdao

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选

The other thing that I mentioned last time was that there seems to be a really big difference between the expected return on the stock market and the expected return on short-term debt.

上节课提到的另一条内容是,股票市场的预期收益,与短期债券的预期收益,存在着巨大差异

耶鲁公开课 - 金融市场课程节选