Leveraged loans, which are senior to junk bonds, now trade for an average of about 70 cents on the dollar and carry yield to maturities of 10% to 15%.

杠杆贷款，比垃圾债券评级要高，现在交易的平均价格约为70美分，到期收益率为10 %至15 %。

youdao

Obviously there were accidents and scandals in the junk bond market in particular but the net effect was overwhelmingly good for trade and prosperity.

虽然明显存在著一些意外事件和丑闻——特别是在垃圾债券市场，但对于交易和繁荣的净效果总体上是好的。

youdao

Why were the bundlers and buyers of junk mortgages the politically-connected big banks while the chief critics and short sellers of the housing trade were mostly unknown (and often eccentric) managers of small, entrepreneurial hedge funds?

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