By September, a nonprofit hospital in Philadelphia found it could not borrow money through a traditional bond offering because the municipal bond market had come to a virtual halt.
到9月份，费城某非营利性医院发现，由于市政债券市场已经近乎停业，不能通过传统的发行债券借钱。
Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.
更为糟糕的是，在这个月，债券市场中两个很少引起关注但是很重要的部分崩溃了，并且人们担心下一个可能是封闭式市政债券基金。
To make matters worse, bond insurers, which rate America's $2.5 trillion municipal-bond market, are also up to their necks in CDOs.
雪上加霜的是，债券保险人也在抵押债权凭证中泥足深陷，而它们还担当着为价值25000亿美元的美国市政债券市场进行评级的重任。
First, many industry experts and financial planners whom I've spoken with believe some of the best bond market opportunities are in the municipal markets.
首先，一些我接触的专家和财经人士都相信地方市场是最有机会的公债市场。
And in the municipal-bond market, the spread reaches 2%, according to a similar study published by the SEC in the summer.
据证券交易委员会今年夏天发表的一份类似的调查报告，市政证券市场进出差价达到2%。
And in the municipal-bond market, the spread reaches 2%, according to a similar study published by the SEC in the summer.
据证券交易委员会今年夏天发表的一份类似的调查报告，市政证券市场进出差价达到2%。
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