The invention of the CDS increased the liquidity of the market and, crucially, allowed investors to take a “short” position on bonds.
CDS的发明不但增加了公司债市场的流动性，更重要的是，它让投资者能够建立债券的“空头”头寸（short position）。
Find a short hill with a gentle slope, and take care to stay in balance and keep your position.
找到一个短期山缓坡，并照顾留在平衡和保持你的位置。
Find a short hill with a gentle slope, and take care to stay in balance and keep your position.
找到一个短期山缓坡，并照顾留在平衡和保持你的位置。
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