Or they can buy unsell (and sell) existing bonds.

他们买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资主管RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存在的不确定性感心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购的12%息票率的长期债券存在的话，会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购数平均4.9。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

现在止商品在投资者组合主要起着多元化投资的作用，因其在股票和债券市场表现差的时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认，规模较小的贸易盈余能会在这里停留-虽然转变是不太能是严重的，足伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化使投资者更能清晰地寻找投资方向，国债市场的火热使市场更能预期未来的减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资管RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存在的不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购的12%息票率的长期债券存在的话，也会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组起着多元化投资的作用，因其在股票和债券市场表现差的时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小的贸易盈余可能会在这里停留-虽然转变是不太可能是严重的，足以伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化也使投资者更能清晰地寻找到投资方向，国债市场的火热也使市场更能预期未来的减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有债。

Debenture holder has priority over ordinary shareholder.

债持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票政府债，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO高级投资主RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参与交易债权人﹐如银行债持有者会对他们投资所存在不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购12%息票率长期债存在话，也会卖远远超过票面价值。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债发行计划由金局负责安、、代理及理，根据该计划发行债超额购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组合主要起着多元化投资作用，因其在股票和债市场表现差时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士为，规模较小贸易盈余可能会在这里停留-虽然转变是不太可能是严重，足以伤害美国债市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债型基金分化也使投资者更能清晰地寻找到投资方向，国债市场火热也使市场更能预期未来减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资主管RemcoPolman说，HiTo将试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

此期间﹐权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存的不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果这一时期，一个高等级，法购的12%息票率的长期债券存的话，也会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现为止商品投资者组合主要起着多元化投资的作用，因其股票和债券市场表现差的时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小的贸易盈余可能会这里停留-虽然转变是不太可能是严重的，足以伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化也使投资者更能清晰地寻找到投资方向，国债市场的火热也使市场更能预期未来的减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资主管RemcoPolman说，HiTo将春天试发行些房产款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

此期间﹐无权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存的不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果时期，个高等级，无法回购的12%息票率的长期债券存的话，也会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现为止商品投资者组合主要起着多元化投资的作用，因其股票和债券市场表现差的时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小的贸易盈余可能会里停留-虽然转变是不太可能是严重的，足以伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化也使投资者更能清晰地寻找到投资方向，国债市场的火热也使市场更能预期未来的减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券认购已额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有政府债券，利每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO高级投资主管RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参与交易债权人﹐如银行债券持有者会对他们投资所存在不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购12%率长期债券存在话，也会卖远远面价值。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行债券额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组合主要起着多元化投资作用，因其在股和债券市场表现差时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小贸易盈余可能会在这里停留-虽然转变是不太可能是严重，足以伤害美国债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金分化也使投资者更能清晰地寻找到投资方向，国债市场火热也使市场更能预期未来减动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO高级投资主管RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参债权人﹐如银行债券持有者会对他们投资所存在定性感到心力瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购12%息票率长期债券存在话，也会卖远远超过票面价值。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行债券超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组合主要起着多元化投资作用，因其在股票和债券市场表现差时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小贸盈余可能会在这里停留-虽然转变是太可能是严重，足以伤害美国债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金分化也使投资者更能清晰地寻找到投资方向，国债市场火热也使市场更能预期未来减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东有先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效期高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资主管RemcoPolman说，HiTo将在春天试发行一些房产抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此期间﹐无权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存在的不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这一时期，一个高等级，无法回购的12%息票率的长期债券存在的话，也会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代及管，该计划发行的债券的超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组合主要起着多元化投资的作用，因其在股票和债券市场表现差的时候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小的贸易盈余可能会在这里停留-虽然转变是不太可能是严重的，足以伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化也使投资者更能清晰地寻找到投资方向，国债市场的火热也使市场更能预期未来的减息动向。

Or they can buy unsell (and sell) existing bonds.

他们也可以买卖现有的债券。

Debenture holder has priority over ordinary shareholder.

债券持有人比普通股东享有优先权。

The new loan has been oversubscribed.

新债券的认购已超额了。

Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.

原始有效高于十年并带有息票的政府债券，利息每半年支付。

Remco Polman, FMO's senior investment officer, says that HiTo will issue a few mortgage bonds as a test run in the spring.

FMO的高级投资主管RemcoPolman说，HiTo将在春天试发行抵押贷款债券。

During this period nontrade creditors, like bank debt and bond holders, languish in uncertainty as to what will happen to their investment.

在此间﹐无权参与交易的债权人﹐如银行债券的持有者会对他们的投资所存在的不确定性感到心力交瘁。

If, during this period, a high-grade, noncallable, long-term bond with a 12 percent coupon had existed, it would have sold far above par.

如果在这，个高等级，无法回购的12%息票率的长债券存在的话，也会卖的远远超过票面价值的。

The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购倍数平均为4.9倍。

Commodities have until now primarily featured as a diversifier in investors' portfolios due to a tendency to rise in times of poor equity and bond market returns.

到现在为止商品在投资者组合主要起着多元化投资的作用，因其在股票和债券市场表现差的候上涨。

So analysts think smaller trade surpluses could be here to stay – although the shift isn't likely to be severe enough to traumatize the U.S. bond market.

因此，分析人士认为，规模较小的贸易盈余可能会在这里停留-虽然转变是不太可能是严重的，足以伤害美国的债券市场。

The bond fund's differentiation will also enable the investor to seek fiery clearly to the investment trends, the national debt market also causes the market expectability future rate cut trend.

债券型基金的分化也使投资者更能清晰地寻找到投资方向，国债市场的火热也使市场更能预未来的减息动向。