A CDS is just a contract between a buyer, who pays a premium, and a seller, who will make a payment to the buyer if a bond default occurs.

CDS只是一份合同，买家支付保费，卖家在出现债券违约时向买家支付本息。

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The gold bugs saw QE as inflationary, equity enthusiasts saw the tactic as boosting growth and the bond markets had the comfort that the Fed would be the "buyer of last resort" for Treasuries.

囤积黄金的视量化宽松为通胀，股票发烧友视其为刺激增长的手段，而债券市场中人放心于联储能够充当国债的“最后购买人”。

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Accrued interest is the accumulated coupon interest, paid to the seller of a bond by the buyer.

应计利息是指累积的息票利息，由债券的买入者付给卖出者。

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C. bureau and the Bond Buyer.

FORBES: Connect

More than anything else, investors want to see the ECB behaving as the bond-buyer of last resort.

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The benefit of the latter is the incentive provided by the chance that the buyer will be able to redeem the bond for more than par.

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