2015考研英语阅读高利债券
<p> <span word="High">High</span>-<span word="yield">yield</span> <span word="bonds">bonds</span></p><p> 高利债券</p><p> <span word="An">An</span> <span word="appetite">appetite</span> <span word="for">for</span> <span word="junk">junk</span></p><p> 来点垃圾</p><p> <span word="Companies">Companies</span> <span word="have">have</span> <span word="taken">taken</span> <span word="advantage">advantage</span> <span word="ofinvestors">ofinvestors</span> <span word="growing">growing</span> <span word="willingness">willingness</span> <span word="to">to</span> <span word="buy">buy</span> <span word="speculativebonds">speculativebonds</span></p><p> 公司很好的利用了投资者日益高涨的购买投机性债券的意愿</p><p> <span word="WHEN">WHEN</span> <span word="cash">cash</span> <span word="deposits">deposits</span> <span word="pay">pay</span> <span word="virtually">virtually</span> <span word="zero">zero</span>, <span word="investors">investors</span> <span word="have">have</span> <span word="an">an</span> <span word="incentive">incentive</span> <span word="to">to</span> <span word="take">take</span> <span word="risks">risks</span> <span word="in">in</span> <span word="searchof">searchof</span> <span word="higher">higher</span> <span word="returns">returns</span>.</p><p> 当存款利率近乎于零，投资者便会冒险寻求更高收益。</p><p> <span word="That">That</span> <span word="has">has</span> <span word="been">been</span> <span word="good">good</span> <span word="news">news</span> <span word="for">for</span> <span word="the">the</span> <span word="high">high</span>-<span word="yield">yield</span>, <span word="or">or</span> <span word="junk">junk</span>, <span word="bond">bond</span> <span word="market">market</span>, <span word="where">where</span> <span word="companies">companies</span> <span word="withpoor">withpoor</span> <span word="credit">credit</span> <span word="ratings">ratings</span> <span word="turn">turn</span> <span word="for">for</span> <span word="finance">finance</span>.</p><p> 而这对于高利债券、或垃圾债券市场来说，无疑是个好消息，那些信用评级差的公司通常通过这种方式融资。</p><p> <span word="Many">Many</span> <span word="companies">companies</span> <span word="can">can</span> <span word="now">now</span> <span word="borrow">borrow</span> <span word="at">at</span> <span word="rates">rates</span> <span word="that">that</span> <span word="governments">governments</span> <span word="would">would</span> <span word="have">have</span> <span word="been">been</span> <span word="pleased">pleased</span> <span word="toachieve">toachieve</span> <span word="two">two</span> <span word="decades">decades</span> <span word="ago">ago</span>.</p><p> 现在，许多公司可以以各国政府二十年前喜闻乐见的利率获得投资。</p><p> <span word="Indeed">Indeed</span>, <span word="so">so</span> <span word="low">low</span> <span word="have">have</span> <span word="borrowing">borrowing</span> <span word="costs">costs</span> <span word="fallen">fallen</span> <span word="that">that</span> <span word="some">some</span> <span word="wags">wags</span> <span word="have">have</span> <span word="dubbed">dubbed</span> <span word="the">the</span> <span word="market">market</span> <span word="theasset">theasset</span> <span word="class">class</span> <span word="formerly">formerly</span> <span word="known">known</span> <span word="as">as</span> <span word="high">high</span>-<span word="yield">yield</span>.</p><p> 诚然，借贷成本降至如此之低，甚至有人将其戏称为前高利债券。</p><p> <span word="Until">Until</span> <span word="the">the</span> <span word="hiatus">hiatus</span> <span word="related">related</span> <span word="to">to</span> <span word="the">the</span> <span word="budget">budget</span> <span word="crisis">crisis</span> <span word="inAmerica">inAmerica</span>, <span word="companies">companies</span> <span word="were">were</span> <span word="rushing">rushing</span> <span word="to">to</span> <span word="takeadvantage">takeadvantage</span> <span word="of">of</span> <span word="this">this</span> <span word="financing">financing</span> <span word="opportunity">opportunity</span>.</p>
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