But underscoring market fears, Rome was forced this week to sell bonds at record interest rates.

但令市场尤其感到担忧的是，罗马这星期被迫以创记录的高利率出售债券。

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Then every Greek bondholder, including hedge funds, would be forced to write down the value of their bonds and suffer losses.

然后，每个希腊债券持有者，包括对冲基金将不得不将手中的债券降低价值，并且遭受损失。

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Low real rates have propped up asset markets this year as investors have been forced into riskier assets like equities, corporate bonds and even commodities in search of higher returns.

较低的实际利率对今年的资产市场形成了支撑，投资者被迫购进诸如权益，公司债券甚至大宗商品等风险资产以追求更高的收益。

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However, when individual investors decide to take their money out of a bond fund, the portfolio manager may be forced to sell bonds at less than desirable prices to give them back their money.

FORBES: Are Your Bonds Safe?

So, just as a company's need for cash was growing, and its sources were drying up, there was a threat of being forced to repay the bonds.

ECONOMIST: A gambit to escape the commercial-paper crunch backfires

In 2001, in a desperate effort to stave off debt default, Domingo Cavallo, the economy minister, forced them to swap bonds (and cash) for long-dated or low-yielding paper.

ECONOMIST: Argentina