Indeed, by early 2007 corporate-bond spreads were ridiculously low, offering a return that failed to compensate investors for the likely level of defaults.

2007年初公司债券的利差实在是低的离谱。对于可能的违约水平，回报是无法弥补投资者的风险的。

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In the fall of 2007, before the economy began to falter, corporate-bond prices were signaling all was not well.

2007年秋季，在经济开始放缓之前，公司债券的价格开始显示情况不妙。

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On May 24, 2007, the enterprise bond of Beijing Jinyu Group Co. , Ltd. of RMB 0.8 billion underwritten by CSC as lead underwriter was successfully issued.

2007年5月24日，中信建投证券主承销的北京金隅集团有限责任公司8亿元企业债券成功发行。

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As you know, before the collapse of the mortgage-backed bond market in 2007, banks routinely offered mortgages worth more than 90% of the value of a house - and even 100% mortgages were relatively common.

BBC: Should the Treasury take housing risk?

The muni bond insurance market has decreased 98% since 2007 and the old AAA guaranteed muni bond has become a virtually extinct species.

FORBES: Why You Need Active Management Of Munis

But there's no best actor nomination for Daniel Craig as Bond, which is what he got in 2007 when Casino Royale picked up nine nominations.

BBC: Baftas 2013 analysis: Will Skyfall have licence to thrill?