junk bonds

Interest rates on investment-grade and junk bonds have continued to fall by the day .

购并及垃圾债的借贷利率持续下降。

Investors might be tempted by the fat yields on so-called junk bonds, issued by companies with credit ratings below BBB.

投资者可能会被信用评级低于BBB的企业发售的垃圾债券的丰厚收益所吸引。

As a graduate business student at Pennsylvania's Wharton School, Milken made junk bonds a focus of his scholarship.

垃圾债券大王米尔肯还在宾州大学华顿商学院念研究生时，他就以研究垃圾债券得到奖学金。

Buyout firms borrow through banks and by issuing junk bonds (in the name of the companies they're acquiring, of course).

并购公司从银行贷款及发行垃圾债券（当然是以目前他们将要收购的公司的名义发放的债券）。

And junk bonds haven't had much of a rebound in recent weeks even when stocks managed to rise, troubling some investors.

而近几周来即使在股市试图回升的情况下，垃圾债券市场也没有多少反弹，这令一些投资者感到不安。

Case in point: A diversified portfolio of U. S. junk bonds yields more than 20% a year.

例如，一个美国后保债券的多元化组合可以过的超过20%的年收益。

But appetite for riskier debt, such as junk bonds and asset-backed securities, remained far from what it was one year ago.

但投资者对垃圾债券和资产支持证券等风险级别较高债券的兴趣仍远低于一年前的水平。

Investor interest in junk bonds rebounded sharply last month as strong returns from the sector fuelled a sharp increase in issuance.

上月，投资者对垃圾债券的兴趣急遽回升，强劲的回报推动垃圾债券发行量猛增。

In the meantime, the European Central Bank will buy junk bonds from Italy without limit, for as long as it takes.

同时，欧洲央行将无限额、不限期地买进意大利的垃圾债券。

Dealogic, the data provider, said junk bonds sold to US investors so far in 2010 reached $168bn last week.

数据提供商Dealogic表示，截至上周，2010年向美国投资者发售的垃圾债券已达到1680亿美元，已超过2009年全年的总量。

Even 'junk' bonds, which have been pounded lately, could be attractive.

甚至垃圾债这个近来连受打击的债种都可能颇具吸引力。

Junk bonds have only existed in a world of extended business cycles, coinciding with the debt supercycle of the past two decades.

垃圾债仅存在于商业周期被拉长的世界中，这与过去二十年的债务超级周期恰好相吻合。

Over the year to the end of October, only 2. 9% of American junk bonds had defaulted, according to Standard & Poor's (S&P), a rating agency.

根据评级机构标准普尔（标普），到10月底截至的过去一年中，美国垃圾债券的违约率只有2.

But apparently what China's next wave of economic reform really needs is leveraged buyouts and high-yield - i. e. , junk - bonds.

但似乎中国下一轮经济改革真正需要的是杠杆收购和高收益率债券，也就是垃圾债。

Several banks had apparently balked at the deal, which was to be partly financed through junk bonds.

部分由垃圾债券供给资金的交易显然让银行却步。

Others are focused on a downturn in junk bonds and sudden weakness in shares of steel and mining and companies.

其他人则关注垃圾债券的下跌及钢铁、矿业和企业股的突然下挫。

Almost every asset has increased in price, including art, emerging-market shares, junk bonds and property.

艺术品，新兴市场股票，垃圾债券和不动产等几乎所有资产的价格都升高了。

Yet, with a 20% average yield, junk bonds could provide nice returns, even in that scenario.

然而，即使在这种情况下，凭着20%的平均收益率，垃圾债券可以提供不错的回报。

Some financial institutions have rules prohibiting them from investing in "junk" bonds.

一些金融机构有条文规定，禁止他们对“垃圾”股票投资。

Existing high-yield "junk" bonds will fall to zero, and new ones will no longer be issued.

现有的高收益“垃圾”债券将降至零，并有新的将不再印发。