垃圾债券大幅度升值,其他减值债券,公司票据都在高位交易,这就意味着你的收益在减少,而风险在增加。
Because of the big rally in junk and other distressed bonds, corporate issues are trading at higher prices, which means you get less yield and more risk.
信贷市场的动乱意味着许多原本正常情况下可以进入商业票据市场的大公司失去了机会。
The turmoil in the credit markets means that many large corporations that normally would access the commercial-paper market have not been able to do so.
各式各样的杠杆投资者-投资银行、私人股票型基金、对冲基金、甚至公司企业的商业票据-都对流动性如饥似渴。
Leveraged funders of all types - investment Banks, private equity funds, hedge funds, and even companies' commercial paper - were parched for liquidity.
An SIV is a company of a sort that invests in assets and they issue something like asset-backed commercial paper, but it's not a real company because it only exists as an organization sponsored by some bank.
IV类似从事资产投资的公司,同时也发行类似资产担保商业票据的证券,但它不是一家真正的公司,因为它只是由某家银行建立的一个组织
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