The exuberant junk-bond era of the 1980s, when high-yielding debt securities fuelled a wave of takeovers, ended with the bankruptcy in 1990 of Drexel Burnham Lambert, which had dominated the market.
二十世纪八十年代是后保债券最鼎盛的时期，这个时期由高产的债务证券带动的接管的浪潮而开始，以1990年占市场主导地位的德崇证券公司的破产宣告结束。
The exuberant junk-bond era of the 1980s, when high-yielding debt securities fuelled a wave of takeovers, ended with the bankruptcy in 1990 of Drexel Burnham Lambert, which had dominated the market.
二十世纪八十年代是后保债券最鼎盛的时期，这个时期由高产的债务证券带动的接管的浪潮而开始，以1990年占市场主导地位的德崇证券公司的破产宣告结束。
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