More complicated debt securities, including most of today's toxic detritus, as well as derivatives and equities, would be carried at market prices.

更复杂的债务证券，包括大部分今天的不良抵押品，以及衍生证券和股权，将按照市价计价。

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Not having seen a debt-market crash since 1998, investors piled into ever riskier securities in 2003-07 to maintain yield at a time of low interest rates.

由于没有看到债券市场在1998年的暴跌，为了在低利率时期保持收益，在2003年7月投资者们的资金都流向了更有风险的证券。

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The exuberant junk-bond era of the 1980s, when high-yielding debt securities fuelled a wave of takeovers, ended with the bankruptcy in 1990 of Drexel Burnham Lambert, which had dominated the market.

二十世纪八十年代是后保债券最鼎盛的时期，这个时期由高产的债务证券带动的接管的浪潮而开始，以1990年占市场主导地位的德崇证券公司的破产宣告结束。

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Private equity operators start to do deals in an active new issue market for debt securities and equities.

FORBES: Uncle Sam: Not Too Big To Fail

Thus began the 30-year bull market in debt securities of the United States.

FORBES: Is PIMCO's Bill Gross Right About Bonds?

Nevertheless, Fidelity has been "substantially" adding emerging-market debt, especially Asian high-yield securities, to its holdings over the past 12 months.

WSJ: The U.S. Is Back in Asian Debt