Indeed, by early 2007 corporate-bond spreads were ridiculously low, offering a return that failed to compensate investors for the likely level of defaults.

2007年初公司债券的利差实在是低的离谱。对于可能的违约水平，回报是无法弥补投资者的风险的。

youdao

Indeed, by early 2007 corporate-bond spreads were ridiculously low, offering a return that failed to compensate investors for the likely level of defaults.

2007年初公司债券的利差实在是低的离谱。对于可能的违约水平，回报是无法弥补投资者的风险的。

youdao