与此同时，债券投资者大量买入美国国债，远离风险高的投机性债券。
Bond investors, meanwhile, have piled into Treasuries and fled speculative debt.
热钱(Hot Money)，又称游资(Refugee Capital)，投机性短期资本，指为追求最高报酬以最低风险而在国际金融市场上迅速流动的短期投机性资金。
Hot Money, also known as Refugee capital, refers to those short-term speculative capital flowing rapidly in international financial market in pursuit of maximum reward at lowest cost.
第二种——投机性筹资，有点风险：企业依靠现金流来偿还借款利息，但是必须让债务延期才能支付本金。
The second, speculative financing, is a bit riskier: firms rely on their cashflow to repay the interest on their borrowings but must roll over their debt to repay the principal.
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