Second, investors in high-yield debt will suffer.

其次，高收益债务投资者也将遭受损失。

youdao

Some are saying that if there's a poster child for a bubble it's the high-yield debt market.

有些人说，如果泡沫也有典范的话，那就是高收益债务市场。

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But even assuming 30% to 35% equity, about $100 billion in high-yield debt and leveraged loans is needed to support $50 billion of equity.

但即使是假设有30%至35%的股票，还需要约1,000亿美元高收益债券和杠杆贷款来支持500亿美元的股票。

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Indeed, a recent report from Deutsche Bank shows that even investors in risky high-yield debt have had five great years.

ECONOMIST: The global crash

At Fidelity, Mr. Young says that among global markets, the U.S. looks the most attractive, particularly stocks and high-yield debt such as leveraged loans.

WSJ: World's Woes Leave Lasting Scars

The high-yield debt market, which helped finance a wave of leveraged buy-outs in the 1980s (see article), is back, fuelled by investor appetite for yield.

ECONOMIST: Are private-equity firms able to escape their past?