债券持有者希望资本结构有更多的缓冲资金，以防范损失。
Bondholders want a greater cushion beneath them in the capital structure to protect them against losses.
委员会成员获悉，因互换安排而产生的外汇基金票据及债券可由现有支持组合提供的缓冲作为支持。
Members noted that the amount of Exchange Fund paper so created could be backed by the cushion in the existing Backing Portfolio.
因此，在经济不景气的流动性差正是发挥了成熟的房地产市场的缓冲作用的债券市场。
Therefore, in an economic slump, the mobility of the poor precisely played a mature real estate market, the buffering effect of the bond market.
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