大部分失望情绪指向处理银行有毒资产的计划粗略,比如抵押证券和杠杆贷款。
Most disappointment was directed at the sketchy plan to tackle Banks' toxic assets, such as mortgage-backed securities and leveraged loans.
国债的低收益也促使投资者在风险更大的资产上寻找更高的回报,比如抵押证券。
Low yields also encouraged investors to seek higher returns in riskier assets, such as mortgage-backed securities.
对发行者来说,有资产抵押证券的成本要比筹集无担保债务低的多,同时它的发行不依赖于证券市场的复苏。
For issuers, the costs of funding are lower than raising unsecured debt, and issuance does not depend on the revival of the securitisation markets.
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