Investors fear that the ECB could be biting off way more than it can chew by initiating this second round of bond buying, leading to a false sense of security.

投资者担心，欧洲央行开启第二轮购买债券的措施可能会力不从心，从而造成一种虚假的安全感。

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With a compliant Fed and willing foreign bond buyers (largely in Asia), he might be able to stave off the bond market vigilantes throughout his second term, if he is lucky.

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Second, Goldman, like others, benefited from one-off boosts, such as the surge in corporate-bond issuance as seized-up markets began moving again in January, and from managing each other's government-backed debt issues.

ECONOMIST: Banks