The collapse in foreign equity and bond markets has inflicted massive losses on the U.S. external asset holdings.

外国股票和债券市场的坍塌使得美国外部资产持有者遭受了沉重的打击。

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Since the American equity and bond markets are the biggest in the world, the vast majority of foreign fund managers will feel obliged to register. But that is where their problems will start.

由于美国拥有世界上最大股票债券市场，因此大部分外籍基金管理人势必会前去登记。

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Supporters put forward several reasons for expanding local bond markets to provide a home for more of the region's foreign-exchange reserves.

扩张本地债券市场，为更多的地区外汇储备提供居所，为此支持者们提出了几个原因。

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The country funds much of the deficit with foreign investments in its stock and bond markets, which authorities and analysts say could become tricky as these investments are usually short term.

WSJ: India RBI Warns on Inflation, Current-Account Deficit

Some small countries, like Iraq, don't have functioning treasury-bond markets but have sold foreign-currency bonds internationally, giving fund managers another avenue to invest in them.

WSJ: Tiny Countries' Markets Are Looking Good

While admittedly pursuing different agendas, all of these groups agree on certain basic principles, among them the need for considerably more information regarding the true identities, involvements and global activities of foreign governments and firms seeking to raise funds in our stock and bond markets.

CENTERFORSECURITYPOLICY: Center For Security Policy