It could bring enormous benefits if I could convince Congress to pass the budget, and if it got the hoped-for response from the Federal Reserve and the bond market.

如果我能说服国会通过我的预算方案，如果联邦储备委员会和债券市场能像希望中的那样给予响应，这一计划将带来巨大的益处。

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A joint bond issue could thus enhance the euro's standing as a reserve currency, as well as lowering borrowing costs for all countries that took part in it.

因此，联合债券发行能够提升欧元作为储备货币的地位，也能降低所有参与国家的借贷成本。

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Expectations that the Federal Reserve will undertake a second round of bond purchases to lower long-term interest rates has pushed the dollar down against the euro and the yen.

美联储预期将着手第二轮的债券购买，以此来降低长期利率，推动美元兑欧元和日元下跌。

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Earlier this month, stocks had rallied as the European Central Bank and Federal Reserve announced bond-buying programs meant to jolt economic growth, with the Dow industrials hitting their highest level since December 2007.

WSJ: Dow Ends Lower in Late Selloff

But anxiety over the Federal Reserve's bond-buying program was the main culprit.

NPR: Stocks Barely Budge; Market Ends Week With Loss

Others worry there could be a rebound in Treasury yields if the U.S. economy recovers and the Federal Reserve halts its bond-buying program earlier than expected.

WSJ: Cnooc Sells Record $4 Billion of Bonds