Distressed debt – defined as bonds trading at less than 50 cents on the dollar – is rapidly disappearing from US financial markets as yield-hungry investors push up the prices for even the most beaten-down securities.
不良债务(交易价格不到面值50%的债券)正从美国金融市场上迅速消失,原因是投资者急于追逐收益率,就连曾经受到最沉重打击的证券价格也被推高。
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