Two of the three main credit-rating agencies, Fitch and Standard & Poor’s (S&P), cut their rating on Greek bonds and gave warning that a further downgrade was likely.

三个主要评级机构中的两个--惠誉与标准普尔--降低了其对希国债的评级，并警告可能进一步降低评级。

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Mike Thompson of Thomson Financial says that, since 1991, the correlation between the performance of high-yield bonds and the S&P 500 index has been pretty low—less than 20%.

汤姆逊金融公司的迈克•汤姆逊这样说道，自1991年，高收益债券和标普500指数之间的相关性就非常低，不到20%。

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The S&P 500 already is up 39% since March 9 and high-yield bonds are up 31%.

3月9日以来，标准普尔500指数已经涨了39%，高收益债券涨了31%。

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Over the year to the end of October, only 2.9% of American junk bonds had defaulted, according to Standard &Poor’s (S&P), a rating agency.

根据评级机构标准普尔（标普），到10月底截至的过去一年中，美国垃圾债券的违约率只有2.9％。

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Over the year to the end of October, only 2.9% of American junk bonds had defaulted, according to Standard &Poor’s (S&P), a rating agency.

根据评级机构标准普尔（标普），到10月底截至的过去一年中，美国垃圾债券的违约率只有2.9％。

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