The collapse of the auction-rate security market doesn't reflect newly discovered problems with the borrowers: the Port Authority is as financially sound today as it was a month ago.
2
消防队员:嘿,头儿,今天有一辆1959年的消防卡车要拍卖,我们买了吧。
Firefighter: Hey, Chief! There's a 1959 pumper truck being auctioned today.
3
意大利今天成功完成了五年期债券的拍卖,使债券收益上升了6.29%。
Italy managed to complete an auction of 5-year bonds today, but the yield on the debt rose to 6.29%.