Because the interest rate automatically clicks up if the auction is a dud, hospitals, museums, universities and ports have suddenly found their debt-service bills rising sharply.
如果流拍的话，这些债券的利率就会自动上升，这就造成医院、博物馆、大学和港口的偿债成本急剧上升。
But the rate of natural shrinkage of their bad Banks is low and the remaining dud assets are hard to sell at reasonable prices They're called toxic for a reason.
但这些公司的坏账银行自然缩减率很低，且残留的无用资产很难以合理价格出售。这些资产被戏称是有毒的，并非空穴来风。
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