In addition, it could start to sell the huge volume of Treasury securities and other financial assets on its books, which would also place upward pressure on rates.
此外,它还能开始出售大量的国库证券和它账户上的其他金融资产。这些做法都可以给利息上调施加压力。
Low yields also encouraged investors to seek higher returns in riskier assets, such as mortgage-backed securities.
国债的低收益也促使投资者在风险更大的资产上寻找更高的回报,比如抵押证券。
Mark to market is a system in which banks must declare the value of assets such as securities on a daily basis, forcing them to be transparent about their balance sheets.
逐日结算制度就是说银行必须每天通报对资产,如有价证券的评估,迫使他们使资产负债表透明化。
The Fed is taking on a serious risk in doing this because these assets that it takes on in exchange for Treasury securities could fail.
美联储这样做很有风险,因为这些他们作为国库证券交换来的,资产可能是个烂摊子。
We did have a large,short position in subprime mortgage-backed securities, which has paid off enormously for the University and really helped protect assets in the past nine months or a year.
我们确实曾持有很多,次级抵押担保证券的空头,它们为耶鲁赚了不少钱,并且在过去的9个月或1年间,为资产保值发挥了实在的作用
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