... 市值调整：market value adjustment 市政债券基金：Municipal Bond Fund 市政可转换证券：Municipal Convertible ...
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单一州市政债券基金 single state municipal bon fund
短期国家市政债券基金 National Municipal Bond-short-term Funds
美国市政债券共同基金 municipal bond mutual funds
因此我买进了一些市政债券基金，较之美国国债，其收益率仍处于不寻常的高位。
As a result, I've bought some municipal-bond funds, whose yields remain unusually high compared with U.S. Treasurys.
更为糟糕的是，在这个月，债券市场中两个很少引起关注但是很重要的部分崩溃了，并且人们担心下一个可能是封闭式市政债券基金。
Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.
因为继美国国债评级下调之后，预计标普会降低这些市政债券的评级，尤其是那些拥有庞大联邦基金的州。
That's because S&P is expected to follow its U.S. downgrade with cuts in ratings of some muni bond issuers, particularly states that get significant amounts of federal funding.
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