政府债券

In reality, the bill raised a chilling prospect for debt investors: that in extreme situations the government could upend the traditional pecking order of the bankruptcy process.

而事实上，这份法案让债券投资者看到了一个令其不寒而栗的前景：在极端情况下，政府有可能将传统的破产清算程序来个大倒转。

NYSE Arca represents nearly $317.5 billion in ETF and ETN assets under management in the U.S., more than any other exchange.

在美国政府的监管下，NYSE Arca出台了近3175亿美元的交易型开放式指数基金和交易所交易债券，比其他任何交易所都要高。

Athens is hoping most of the Asian demand for its next bond issue will come from China, according to people familiar with the situation, given the country's significant foreign-exchange reserves and investible funds.

据熟悉情况的业内人士称，希腊政府希望中国能购买该国下次债券发行中的大部分，因中国具有庞大的外汇储备及丰富的投资资金。

Federal Reserve, Bank of England and Bank of Japan, which have lowered their main rates to close to zero and are buying government and corporate bonds to reflate their economies.

欧洲央行已谨慎跟随美联储、英国央行和日本央行的步伐，调低其主要利率至接近零的水平，并购买政府和企业债券以推动经济增长。

It is also unclear that the most needy banks can borrow freely yet. Lloyds issued an unguaranteed and unsecured ten-year bond on September 3rd at 193 basis points above government yields, about double what the safest British bank, HSBC, might pay.

现在还不清楚，那些最需要帮助的银行是否可以自由借款。9月3号，劳埃德银行了高于政府利率193个基本点的无担保10年债券，比最为安全的花期银行能够支付的利率还高。

If banks chose to get this extra liquidity by buying bonds, they would end up owning government debt equivalent to about 60% of British GDP—an unhealthily cosy arrangement.

如果银行决定以购买债券来获取额外流动资产的话，他们就将不复拥有占英国国内生产总值约60%，价值几千亿英镑的政府债务了，这是个病态的友好解决方案。

In the early stages of the crisis, investors were happy to opt for the safety of government bonds.

在本次危机很早的层面上，投资者对于政府的安全债券是很欢迎的。

Last year, it wrested control of the $200 billion China Investment Corporation, which had been bankrolled by the central bank.

最有可能的是，财政部简单的将其它政府机关的债券转移给中央银行，以增加其资本。

Critics of the government's involvement maintain that bondholders have been punished, union workers coddled and laws flouted in the process.

对政府介入的批评家们坚持在这个过程中债券持有人受到惩罚，工会工人被溺爱，法律被愚弄。

After all, swapping pristine government bonds for dodgier assets lowers the quality of the Fed's balance sheet and $200 billion represents around a quarter of the Fed's asset base.

毕竟，用政府原始债券交换那些很差的资产，会降低美联储资产负债表的质量，而且2千亿相当于美联储将近四分之一的资产。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。