junk bond

noun

1. 风险债券，垃圾债券（利息高、风险大，常用于迅速集资进行收购）
   a type of bond that pays a high rate of interest because there is a lot of risk involved, often used to raise money quickly in order to buy the shares of another company

1. 垃圾债券，风险债券（利息高，风险大，用于集资建立、收购新公司等）
   If a company issues junk bonds, it borrows money from investors, usually at a high rate of interest, in order to finance a particular deal, for example the setting up or the taking over of another company.

1. Best buy already was a junk bond deal before the latest financial guidance, which means that today it smells even worse.
   百思买发布最新的财务指南之前，该公司就已沦为垃圾债券，而现在的形势只会更糟糕。
2. Junk bond spreads now signal a 48% chance of a recession, according to Martin fridson, global credit strategist at BNP Paribas Investment Partners.
   法国巴黎投资（BNPParibasInvestmentPartners）全球信贷分析师马丁•福里得森认为，垃圾债券利差现在显示经济陷入衰退的几率为48%。
3. The savings and loan scandal, the stock market and junk bond swindles, and, of course, Watergate, have undermined the faith of many Americans in the integrity of political and economic leaders and society as a whole.
   存贷款丑闻、股票和垃圾债券诈骗、当然还有水门事件，如此种种削弱了众多美国公民对于政治领袖、经济高层的信任，乃至对于整个社会的信任。
4. He asks. Do they realise it is a fluctuating junk bond fund and not a safe money market fund?
   波曾问，他们是否意识到这是一种上下波动的垃圾债券基金，而不是安全的货币市场基金？
5. China's securities regulator launched a junk bond market in 2012, officially called small and medium-sized enterprise private-placement bonds.
   2012年，中国证券监管机构启动了垃圾债市场，官方把垃圾债称为中小企业私募债券。
6. A construction material manufacturer in eastern Jiangsu province last year became the first junk bond issuer to default, but a guarantor eventually repaid investors.
   去年，江苏省东部一家建筑材料生产商成为首家违约的垃圾债发行商，然而最终还是有一家担保人向投资者偿还了相关资金。
7. Junk bonds are newbies: No one knows exactly how the junk bond market will react to rising interest rates because it's never really experienced them before.
   垃圾债券是个新事物：没人确切知道美联储提高利率会对垃圾债券市场产生什么反应，因为它在以前从未发生过。
8. A lot of people could get squeezed if the junk bond market dries up.
   如果垃圾债券市场枯竭，普通投资者会陷入价格挤压。
9. The investor was bamboozled to buy junk bond.
   这个股民被忽悠，买了垃圾股。
10. The problem: The junk bond market will soon face a double whammy: higher interest rates and a wall of maturities.
    问题是：垃圾债券市场将很快面临双重打击：高利率和到期难。
11. In contrast, the overall junk bond market has a total return for 2014 at 4.17 per cent, after a price loss of some 2 per cent.
    相比之下，在价格下跌了大约2%之后，垃圾债券市场总体在2014年的总回报仍为4.17%。
12. Instead, investors 'funds have been drawn in particular to the potential growth of US and Asian companies, in a year that has been one of the strongest for equity and junk bond fundraisings.
    相反，美国和亚洲公司的增长潜力今年以来对投资者构成了很大的吸引力。今年是股票及垃圾债券融资活动最为活跃的年份之一。
13. More recently, there have also been some flows into junk bond funds.
    最近，还有一些资金流入了垃圾级债券基金。
14. Junk bond spreads are now exactly where they were at the height of optimism in April 2010.
    垃圾债券目前的息差与2010年4月最乐观时期的水平一模一样。
15. Michael Milken will always be synonymous with the term junk bond king.
    迈克尔·米尔肯总是风险债券之王的同义词。
16. Junk BondA bond that is rated by a ratings agency as being below investment grade and investment in the bond is high risk.
    垃圾债券被信用级别评定机构评定为低于投资级别的投资风险高的债券。
17. Once a country is in the "junk bond" category, no reputation is left.
    一个国家的国债一旦被评为“垃圾债券”，该国就没什么名誉可言了。
18. The emerging markets 'bond index is doing "quite well" under the circumstances, he said, with spreads lower than those of the US corporate ( junk) bond market index.
    他说，新兴市场的债券指数在当前条件下走势“很好”，其价差低于美国公司债券市场指数的价差。
19. In Europe, high-yield and bank lending the more traditional arenas are critical, with many bankers and analysts showing signs of frustration that policymakers have not sought to address the problems of the dormant junk bond market.
    在欧洲，高收益债券和银行贷款市场更为传统的领域非常关键。政策制定者并未寻求解决垃圾债券市场停滞的问题，有迹象表明，这令许多银行家和分析师感到受挫。
20. The amount of money raised in the junk dim sum bond market reached a record high in the second quarter, driven by a rising Chinese property market and the worldwide search for higher-yielding assets.
    今年第二季度，垃圾级点心债券发行额创下最高纪录，推动因素在于中国房地产市场价格看涨，而全球投资者追逐收益率较高的资产。
21. Stocks have recouped more than half of their losses and junk bond borrowers now face interest rates near all-time lows, compared with near 20 per cent rates one year ago.
    股市已收复超过一半的失地，垃圾级债券的票面利率接近历史低位，而一年前的接近20%。
22. Greek bond prices fell further in the wake of Tuesday's downgrade of Greece's credit rating to junk status by S& P. Ten-year bond yields jumped to 9.91 per cent.
    标准普尔周二将希腊的信用评级降至垃圾债水平后，希腊债券价格进一步下跌。10年期希腊国债收益率上升至9.91%。
23. Obviously, there were accidents and scandals, in the junk bond market in particular, but the net effect was overwhelmingly good for trade and prosperity.
    虽然明显存在着一些意外事件和丑闻特别是在垃圾债券市场，但对于交易和繁荣的净效果总体上是好的。
24. Both junk bonds and emerging market bond sales have reached record levels in the past two years, for example.
    过去两年，垃圾债券和新兴市场债券的发行规模均达到创纪录水平。
25. As a result, the cost of borrowing for companies with stronger finances, and even for those with junk bond ratings, has generally been flat or even falling over the past month, irrespective of the turmoil ( see chart).
    其结果是，过去一个月里，尽管市场处于动荡状况，但对于财力更强的企业甚至那些债券为垃圾级的企业来说，举债成本总体保持不变，甚至还有所下降。
26. For many investors, the focus of concern is the high-yield, or junk, bond market, where the riskiest borrowers come to raise funds.
    对于很多投资者而言，主要的担心在于高收益率债券（即垃圾债券）市场。风险最高的借款者会在该市场融资。
27. With US oil prices falling below$ 71 a barrel, attention has focused on the implications for the junk bond and leveraged loan markets.
    随着美国石油价格跌至每桶71美元以下，人们开始关注它对垃圾债券及杠杆贷款市场的影响。
28. These projections, coupled with government support measures for the capital markets, have sparked a big rally in junk bond prices, with an associated fall in yields.
    这些预测，加上政府对资本市场的支持措施，引发垃圾债券价格大幅上扬，债券收益率相应下降。
29. Like after the junk bond bubble of the 1980s, lawsuits may hit Wall Street for years to come.
    就像上世纪80年代垃圾债券泡沫之后的情形一样，未来几年，华尔街将遭遇一系列诉讼。

noun

1. a (speculative) bond with a credit rating of BB or lower

   Synonym:    high-yield bond