Bond allocations had increased by more than could be explained by the increase in bond prices over the course of the year.

同时资产配置中的债券投资比重,以高于当年债券价格上涨的速度,有了显著增加

耶鲁公开课 - 金融市场课程节选

They became almost worthless because they were investing in subprime debt and the value of the debt collapsed and so these collapsed as well.

它们变的分文不值,因为它们投资次级债务,而这些债券价格一落千丈,所以这些银行也跟着倒下

耶鲁公开课 - 金融市场课程节选

What this is is the price of a portfolio of shares in U.S. companies.

这是美国公司的股票投资组合的价格

耶鲁公开课 - 金融市场课程节选

Maybe it's a tradition, maybe it's to keep the value kind of in a familiar range or a small-- they don't want them to get too expensive because people can't-- small investors can't afford them anymore.

也许是传统使然,也许是为了将价值维持在一个惯常的小区间内,他们不想让价格升得太高,因为人们,小投资者无法承担过高价格

耶鲁公开课 - 金融市场课程节选