• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>The economist >Even keel?
【24h】

Even keel?

机译：甚至龙骨？

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This time last month, darkness was de-scending on the maze of bonds, derivatives and structured finance in the credit markets. The biggest downgrade of corporate debt to junk in history-of General Motors (GM) and Ford-was wreaking havoc, despite having been expected. Prices of the riskiest tranches of CDOS (collateralised debt obligations, bundles of credit sold off in bits) fell sharply, as investors tried to dump their exposure to likelier default. The price of credit-default swap (CDS) protection spiked upwards. Virtually all higher-yielding bonds lost ground to supposedly risk-free Treasuries. Hedge funds that had borrowed and bet wrong were reckoned to be in deep trouble. So were the investment banks that had financed and bet alongside them. The only question seemed to be whether the contagion could be contained.
机译：上个月的这个时候，信贷市场上债券，衍生品和结构性融资的迷宫正在消失。尽管有人预计，通用汽车（GM）和福特（Ford）有史以来最大规模的公司债务降级为垃圾邮件。由于投资者试图将他们的敞口转嫁给更可能的违约，CDOS的最高风险部分（抵押债务，成捆的信贷束）的价格急剧下跌。信用违约掉期（CDS）保护的价格飙升。实际上，所有收益率较高的债券都因所谓的无风险国债而下跌。被借入并押错的对冲基金被认为陷入了严重麻烦。投资并与之押注的投资银行也是如此。唯一的问题似乎是传染病是否可以得到遏制。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号