reserve for bonded debts
... reserve for bond redemption 偿债准备 reserve for bonded debts 债券债务准备 reserve for contingencies 或有准备 ...
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金融市场已经准备主权债务危机蔓延到德国的欧元残局。单一货币的“定海神针”看来要倒下了，投资人开始远离德国债券。
Global financial markets prepared for the euro's endgame after the sovereign debt crisis spread to Germany, the "stability anchor" of the single currency, and investors shunned its government bonds.
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