如果你预期一项债券(有可能是受一系列抵押资产支持的债券)将出现违约,你可以购买保险,以弥补债券价值的损失。
If there is a bond that you expect to go into default (it might be a bond backed by a collection of mortgages), you can buy insurance against the resulting loss in the bond's value.
这种靠偿还抵押贷款支持的债券发布系统在过去的30年中坚持下来,并且很少有过问题。
The system of issuing bonds backed by mortgage payments had endured, with few hiccups, for 30 years. Mortgages were not postal reply coupons.
一个有趣的现象是,欧洲人追求有高收益率的“私人品牌”的抵押债券,即便其比亚洲人热捧的有机构支持的债券以及主权债务安全性差。
In an intriguing twist, Europeans in search of higher yields bought "private-label" mortgage bonds that proved less safe than the agency-backed and sovereign debt that Asian investors plumped for.
基本上,美联储通过购买抵押贷款支持债券(和其他银行债),将资金投入银行体系从而重组银行业的资产。
Essentially the Federal Reserve recapitalized the banking industry by buying its mortgage-backed securities (and other bank debt as well), thus pouring cash into the banking system.
它们既可以保护投资者免遭支持抵押债权凭证的抵押贷款的初步损失,又可以提供比相同评级的债券更高的回报率。
They protected investors from initial losses on the mortgages backing the CDOs, while offering better returns than bonds with a similar rating.
按照官方的说法,美联储是不会直接购买抵押贷款支持债券的:它只不过是将其作为贷款的抵押品而接受下来。
Officially, the Fed won't be buying mortgage-backed securities outright: it's only accepting them as collateral in return for loans.
被质疑的工具是合成型抵押债务债券(CDO),由高盛设计和营销。 该债券的表现与住房抵押贷款支持证券(residential MBS)相关。
The instrument in question, structured and marketed by Goldman, was a synthetic collateralised debt obligation (CDO), whose performance was tied to that of residential mortgage-backed securities.
对冲基金和世界各地的银行购买债券,或债券有关的风险,在以抵押债务证券(CDO)形成不良住房贷款的支持。
Hedge funds and Banks around the world purchased bonds, or risk related to bonds, backed by bad home loans in the form of collateralized debt obligations (CDOs).
财政部周日公布了上述购股协议,意在保护两家抵押贷款公司所发行债券和抵押贷款支持证券目前和未来的投资者。
The agreement was unveiled Sunday to protect current and future investors in debt and mortgage-backed securities issued by the two mortgage-finance companies.
他们的建议不断变化,但是很多提议rtc的人设想这样一个机构:用它来以很低的价格购买那些有问题的抵押支持债券(并不只是从破产的机构)。
Their proposals vary, but many who cite the RTC envisage an institution that buys troubled mortgage-backed securities (not only from failing institutions), putting a floor under their price.
这种激进措施无疑将会不利于债权人,尤其是那些持有抵押贷款支持的证券和银行债券的债权人。
Such radical steps would naturally represent a haircut for creditors, notably the holders of mortgage-backed securities and bank bonds.
这种激进措施无疑将会不利于债权人,尤其是那些持有抵押贷款支持的证券和银行债券的债权人。
Such radical steps would naturally represent a haircut for creditors, notably the holders of mortgage-backed securities and bank bonds.
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