Last week, the us corporate bond market had its second-ever busiest day.

上周，美国企业债券市场迎来了有史以来第二繁忙的交易日。

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Meanwhile, this week's column is on the disaster that didn't happen in the corporate bond market.

于此同时，本周专栏是尚未发生在企业债券市场中的灾难。

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A second problem for the corporate-bond market is that optimism about the scope for an imminent end to the financial crisis has dissipated.

企业债券市场的第二个问题是对于金融危机即将过去的乐观情绪已经消失。

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But it should create opportunities in the high grade corporate bond market in the meantime.

FORBES: Don't Like Treasuries Right Now? Try Corporate Bonds

For one, liquidity remains strong in the corporate bond market, as spreads in both high yield and high grade corporates have remained relatively tight.

FORBES: Around the Cliff and Through the Woods

Indeed, the lack of an Asian corporate bond market is so troublesome that the advantages of a better benchmark may outweigh the Miyazawa subsidies.

ECONOMIST: Asian capital markets