即使欧盟于上周通过了债务协议，欧洲信贷市场还是脆弱。

Credit markets in Europe are vulnerable to a further sell-off even after the EU debt deal was passed last week.

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Autonomy资本公司增长了26%，部分是因为做空了欧元和欧洲信贷，同事做多了多种亚洲货币。

Autonomy Capital was up 26%, partly because it shorted the euro and European credit and went long on various Asian currencies.

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目前债券违约情况还不多，但JP摩根（JP Morgan）欧洲信贷策略师斯蒂芬•杜雷克提醒投资者可能并没注意麻烦的真正来源；

There have been few bond defaults as yet, but Stephen Dulake, a credit strategist at JPMorgan, reckons investors may be looking in the wrong place for trouble;

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