Michael Milken will always be synonymous with the term ”junk bond king.
迈克尔·米尔肯总是“风险债券之王”的同义词。
“Even very risky human capital is more bondlike than stocklike, ” Mr. Gordon said. “The question is really, are you more like a junk bond or a Treasury?”
“即使风险非常大的人力资本,也更像债券,而不像股票,”戈登先生说,“实际上的问题是,垃圾债券或国库债券相比,你更像那一种?”
Obviously there were accidents and scandals in the junk bond market in particular but the net effect was overwhelmingly good for trade and prosperity.
虽然明显存在著一些意外事件和丑闻——特别是在垃圾债券市场,但对于交易和繁荣的净效果总体上是好的。
In July, junk bond returns were 3.4 per cent, according to BofA Merill Lynch indices.
根据美银美林(BofAMerill Lynch)相关指数,7月份垃圾债券的收益率为3.4%。
Meanwhile boston scientific's credit standing with ratings agencies this month fell into junk bond territory.
同时,波士顿科技公司的债券信用评级在这个月降为“垃圾债券”的状态。
Recent turmoil in the junk bond market suggests that investors expect bankruptcies, particularly in the energy sector.
垃圾债券市场最近出现的动荡显示,投资者认为将出现破产现象,尤其是在能源行业。
Mr Moelis started out in the Beverly Hills office of Drexel, where he worked with Michael Milken, the "junk-bond king" who was later jailed for fraud.
莫里斯的事业始于比利弗山的德雷克塞尔办公室,和他共事的是“垃圾债券之王”——迈克尔·米尔肯,该人后来因为欺诈而入狱。
Lately corporate and municipal bonds have rallied, with Merrill Lynch's junk-bond index gaining more than 6% in December, the strongest monthly increase since 1991.
最近,企业和市政债券价格有所反弹,去年12月美林证券公司的垃圾债券指数上涨超过6 %,是1991年以来最强烈的月度上涨。
According to Merrill Lynch, the leveraged-loan market in Europe is already larger than the junk-bond market-which, admittedly, was not very deep in the first place.
根据美林的报告,欧洲的杠杆贷款市场已经比垃圾债券市场大——人们也承认在垃圾债券一开始的阶段市场也不是很深。
They had to deal with crises such as the failures of Drexel Burnham Lambert, which dominated the junk-bond market, and Baring Brothers, a British bank brought low by a rogue trader.
他们必须对付很多危机,比如曾在垃圾债券市场独占鳌头的DrexelBurnhamLambert丑闻,由于一个不肖交易员而使得英国的霸菱银行损失惨重的事件等。
Junk-bond default rates, which ran at just 3.4% in the past 12 months, are certain to spike in 2009.
垃圾债券的坏账比率,在过去的12个月里仅有3.4 % ,肯定会在2009年飙升。
Junk-bond default rates, which ran at just 3.4% in the past 12 months, are certain to spike in 2009.
垃圾债券的坏账比率,在过去的12个月里仅有3.4 % ,肯定会在2009年飙升。
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