“The universal bank is the regulatory equivalent of the super-senior mortgage-backed bond,” says one analyst.

有分析家称：“综合性银行就相当于受监管的、抵押业务支撑的超级债券。

youdao

On July 26th Bankinter, a midsized Spanish commercial bank that just scraped through the tests, paid a record spread of 240 basis points to issue a mortgage-backed bond.

在7月26日，班金特，一家刚刚勉强过关的中型西班牙商业银行支付了历史最高的240基点来发行一种房贷债券。

youdao

Ford Motor's credit arm pulled an asset-backed bond deal because credit-rating agencies, fearful of new liabilities under the Dodd-Frank act, forbid the use of their opinions in the deal document.

福特汽车的信贷部门曾暂停发行资产抵押债券，因为信贷评级机构害怕承担多德·弗兰克法案所规定的新责任，禁止将评级机构意见写入债券发行文件。

youdao

Second, many pension funds were badly wounded in the mortgage-backed bond crunch of 2008 and 2009.

FORBES: Five Bubbles Still In The Blowing Phase

If you decide to buy a mortgage-backed bond, pay attention to where the pool is coming from.

FORBES: Magazine Article

Without long-term, paid-up capital, it is hard to write multi-year policies, let alone to organise insurance-backed bond issues or derivatives.

ECONOMIST: Lloyd��s of London