The eventual effect was to move financial volatility from the currency to the bond markets, with uncompetitive countries facing higher borrowing costs rather than pressure on their exchange-rate pegs.

结果将金融的动荡性从货币市场转到了债券市场，没有竞争力的国家面临更高的借贷成本，而不是固定汇率的压力。

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Even before last week investors were facing a series of challenges, led by an improved macro outlook, capital outflows and a PBoC move to contain a bond bubble.

即使在上周以前，投资者也面临着一系列挑战，主要有：宏观前景的改善、资金外流和中国央行限制债市泡沫的举措。

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Facing this kind of condition, the Chinese discipline which has the indissoluble bond with the life education, should be supposed dutifully to shoulder the life education.

面对这种状况，与生命教育有不解之缘的语文学科应责无旁贷地担负起生命教育的责任。

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Considering the headwinds facing the bond market, I think there are more advantages to using bond funds than individual bonds.

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To be sure, this is an extreme oversimplification of the issues facing both the stock and bond markets.

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And he said a swift resolution to the severe capital pressures the bond insurers are facing is necessary to stop a "tsunami" of problems in the financial markets.

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