Worse, much private debt is secured against assets; while the value of the debt is fixed, the value of the assets can fall.

更糟的是，许多私人债务以资产作为担保；债务价值是固定的，而资产价值则会下跌。

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"Collateralized Debt Obligations" are securities based upon a portfolio of fixed income-producing assets, such as home mortgages.

担保债权凭证“是一种将有稳定收入流的固定资产组合，如住房抵押贷款打包而成的有价证券。”

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Just as equity indices are weighted by the market value of the constituent companies, fixed-income benchmarks are weighted by the value of the debt.

正如股票指数有衡量由公司的市场价值，固定收入基准测定债券价值。

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Brazilian fixed income debt may be attractive in raw yield terms, and yet the specter of more rate rises is a worry.

FORBES: Brazilian Rate Rise; Capital Is Flying Down To Rio

The levels of fixed-rate debt and floating-rate debt should come down, and the coverage ratios should improve in the next year or two, says General Growth Chief Financial Officer Bernard Freibaum Bernard Freibaum in a conference call with investors today.

FORBES: General Growth Revives The All-Debt Deal

The levels of fixed-rate debt and floating-rate debt should come down, and the coverage ratios should improve in the next year or two, says General Growth Chief Financial Officer Bernard Freibaum in a conference call with investors today.

FORBES: General Growth Revives The All-Debt Deal