次级信贷

受到信贷市场巨变冲击的美国银行已开始拒绝接受以对冲基金的次级信贷组合为抵押品而发放贷款。

US banks caught in the credit market upheaval have started refusing to lend money against hedge funds ' subprime credit portfolios .

自次级房屋信贷危机爆发后，投资者开始对按揭证券的价值失去信心，引发流动性危机。

Since the subprime housing credit crisis , investors began to lose confidence in the value of mortgage-backed securities , causing a liquidity crisis .

2007年8月，由大量次级抵押贷款信贷违约引发的次贷危机席卷美国等世界主要金融市场，并最终演变为全球性金融危机。

August 2007 , the subprime credit crisis was triggered by the large number of subprime mortgage defaults , which hit the United States and other major world financial markets , eventually evolved into a global financial crisis .

部分结果直接与次级证券或结构性信贷工具有关。

Part of the fallout relates directly to subprime exposure or to structured credit instruments .

与此同时，得益于次级贷款危机，信贷泡沫已经破灭终结了推动房地产泡沫的廉价资金来源。

Meanwhile , courtesy of the subprime crisis , the credit bubble has popped ending the cut-rate funding that fuelled the housing bubble .