Second, the option of buying bonds on the secondary market must be reconsidered.

其次，应该重新考虑在二级市场上购买债券的选项。

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Eventually the only option might be to default on maturing bonds.

最终仅有的选择就是让限期债务违约。

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Callable bonds give the firm the option to repurchase the bond from the holder at a stipulated call price.

—可赎回债券赋予公司一项权利，可以从持有者手中以特定的赎回价格回购债券。

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The market for unsecured bonds has been closed for weeks, leaving banks with no option but to sell covered bonds at usurious interest rates that will challenge their profitability.

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Emerging market (EM) bonds generally represent another attractive option for investors seeking real income and potential diversification in 2013.

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Sweeney noted that stocks historically have generated larger returns than bonds, making them a better option to offset the effects of long-term inflation.

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