high-yield bond

Third , the European high-yield bond market remains in a near coma .

第三，欧洲高收益债券市场仍接近停滞状态。

A big source for refinancing in Europe was the high-yield bond market , which has been closed since July , the longest closure since 2003 .

在欧洲，高收益债券市场曾是再融资的一大来源，但该市场自去年7月以来一直关闭，成为2003年以来最长的闭市期。

Although hardly any deals were done in the first three months of this year , high-yield bond issues in 2009 have still brought in $ 171bn .

尽管今年头三个月几乎没有任何发行交易，但2009年高收益率债券的发行仍筹集了1710亿美元资金。

Clients have reacted accordingly : EPFR Global says that $ 14.9 billion was withdrawn from high-yield bond funds in the third quarter .

客户们因此做出反应：EPFR环球声称第三季度有149亿美元撤出了高收益率债券基金。

Yesterday , the bank said it generated $ 765m in investment banking income driven by big volumes in fixed income underwriting , including several high-yield bond deals .

该行昨日表示，受大量承销固定收益债券的推动，其投行部门实现了7.65亿美元的收益，其中包括一些高收益债券的交易。

The high-yield bond market , for example , has not seen a single deal in Europe since July , and the asset-backed securitisation market has dried since the summer .

例如，自7月以来，高收益率债券市场在欧洲尚未做成一单交易，而资产担保证券市场自今年夏季以来已经干涸。

Inflows into high-yield bond funds have totalled $ 30bn this year , helping to push up the return on such securities by 56 per cent , according to JPMorgan .

根据摩根大通的数据，流入高收益率债券基金的资金总量，今年已达到300亿美元，将这些证券的回报率推高了56%。

A high-yield bond fund such as the iShares High Yield Corporate Bond exchange-traded fund ( HYG ), which lends money to risky companies , sports a yield of about 5 % .

诸如安硕高收益率企业债交易所交易基金（iSharesHighYieldCorporateBondexchange-tradedfund）这样的高收益率债券基金为风险较高的企业提供贷款，这类基金的收益率约为5%。

This all suggests that it will only be when there are clear signs of revival in the US securitisation markets and the European high-yield bond market that it will be possible to say with confidence that the financial crisis is nearing its end .

这些都表明，只有当美国证券化市场和欧洲高收益债券市场出现明确的复苏迹象时，人们才可能自信地说：金融危机即将结束。

High-yield bond and loan investors have shunned new debt sales so far this month , extending a buyers ' strike for risky assets into the traditionally busy first week of September as concerns linger over the shaky state of the credit markets .

高收益债券和贷款投资者本月迄今为止一直回避新债销售，将买方对风险资产的回避延续到了9月份的第1周，原因是市场对于信贷市场动荡状况的担忧仍挥之不去。

Sensing the pressure and as a result of tightening bonds spreads some high-yield bond funds in Hong Kong have hard-wired in a provision to maintain dividends by paying investors out of capital rather than from the income received from the underlying bonds .

感受到这种压力，再加上债券息差日益缩小，香港部分高收益债券基金加入一个条款，拟用资本（而不是从标的债券获得的收入）向投资者支付股息。

Global high-yield corporate bond issuance hit a record in 2012 .

2012年，全球高收益率公司债发行规模创下历史新高。

The general theme in credit so far in2011 has been the strong performance in high-yield corporate bond issues , relative to investment grade issues .

投资级方面来说，今年以来的债市主题一直是高收益企业债的强劲表现。

Shoko Shinoda , a research analyst at Lipper , also said Japanese investors were seeking higher yields , favouring monthly dividend pay-out funds investing in global or US real estate investment trusts and high-yield emerging market bond strategies .

lipper研究分析师shokoshinoda也表示，日本投资者正追逐高收益，青睐投资于全球或美国房地产投资信托以及高收益的新兴市场债券策略、按月派息的基金。

Garth Noonan , managing director in high-yield capital markets at Merrill Lynch said that while high-yield bond and loan supply was strong , it would not be enough to sate demand .

美林（merrilllynch）高收益率资本市场董事总经理加思努南（garthnoonan）表示，尽管高收益率债券和贷款供应充裕，但仍不足以满足需求。

However , all this changed last year when steep falls in oil and commodities prices , together with US high-yield fund redemptions , led to a liquidity shakeout in the high-yield bond market .

然而，去年这一切都改变了。石油和大宗商品价格大幅下跌，加上美国高收益债券基金赎回，导致高收益债券市场的流动性出现重大洗牌。