The risks are obvious: bond purchases expand the money supply, potentially leading to inflation.

风险是显而易见的：债券的购买扩大了货币供应，潜在地导致通货膨胀。

youdao

In the graph below, the bond market is at equilibrium at point a, at the intersection of the supply of bonds, s, and the demand for bonds, d.

下图所示，债券市场在债券供应s与债券需求d的交叉点A点处于平衡状态。

youdao

Apart from unattractive longer-term valuations, the other concern is that sovereign bond supply is increasing at over 10% per annum due to fiscal deficits.

除了不具吸引力的长期估值外，另一个让人担忧的问题是财政赤字导致的每年增速逾10%的主权债券。

youdao

However, two years ago issuers were utilizing the high-yield market to address looming loan maturities by a greater degree, with 32% of supply backing bond-for-loan takeouts while 22% was for bond refinancing.

FORBES: Connect

To combat this giant gray market--where fakes can easily snake their way into the drug supply--Bond and other drug company executives are hoping to turn to a new technology, called radio frequency identification, or RFID, which pairs a tiny microchip with a small antenna.

FORBES: Tiny Chips Could Combat Counterfeit Pills

Furthermore, by attracting new investors to municipal bonds, BABs have also helped to relieve the supply pressures in the municipal bond market and lowered borrowing costs.

WHITEHOUSE: Our Top Stories