Corporate bonds plunged to levels that assumed defaults akin to those during the Depression.

公司债券猛跌至跟大萧条时期相当的违约水平。

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The original rescue plan assumed that, starting in 2012, Greece would issue new bonds to pay off maturing ones.

最初的援助计划设想从2012年开始，希腊通过发行新的债券筹资来支付到期债券。

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The Fed's probably assumed lower long-term rates would raise asset value, which clearly did not happen except for Treasury bonds.

美联储可能假设了较低的长期利率会提高资产的价值，但显然除了国债以外，这并没有发生。(译者注：因股票等因市场反应，反而下跌了。)

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Further, it is assumed that bonds are relatively safer than stocks in the short run, but stocks outperform relative to bonds in the long-run.

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As well, holders of the banks' senior bonds, which many investors have assumed would be safe from losses, may also lose money.

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The original rescue plan assumed that, starting in 2012, Greece would issue new bonds to pay off maturing ones.

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