With the subprime mess working its way into every back alley of the stock, bond, and money markets, this is a tricky time to be searching for income.

现如今，想要获得收入是要有技巧的。 次级债的问题广泛影响了股票、债券和货币市场，稍不注意，就有可能陷入泥潭。

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Not only had it expanded rapidly in subprime mortgages and student loans but it relied on bond markets for most of its funding.

不仅仅是公司在次债及学生贷款方面扩张过快，而且公司的大多数资金的筹集都依赖与债券市场。

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The recent defaults in the subprime mortgage market may be affecting other bond investors and cutting off credit to the housing market.

最近次优房贷市场上的违约现象不仅可能会给其他债券的投资者带来不利影响，还会切断房市的信贷来源。

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Then, the value of the subprime loans that the municipal bond insurers own starts to go down.

接着,市政债券保险公司,持有的次级贷款价值开始下跌

耶鲁公开课 - 金融市场课程节选

What started in the subprime mortgage bond market earlier this year is filtering into the broader credit markets, but the nervousness is less a sign of deteriorating credit quality--defaults are at historic lows of 0.3%, according to Coffey--and more an oversupply issue.

FORBES: Crunch Time

Behind the woes of the bond insurers lies the subprime crisis.

FORBES: Magazine Article

Bond insurers such as MBIA and Ambac Financial Group built up their businesses by insuring low-risk municipal bonds, but during the nation's housing boom, these and other bond insurers invested heavily in subprime and other mortgage-backed investments, and now they're paying the price.

NPR: Bond Insurer Losses Could Have Broader Impact