There was a powerful rally on global bond markets yesterday.
昨天,全球债券市场出现了强劲的反弹。
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How would that affect global bond markets?
这将如何影响全球债券市场?
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What's been the impact on global bond markets?
对全球债券市场有何影响?
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Then last year, the global bond market had its worst year in more than a century.
去年,全球债券市场经历了一个多世纪以来最糟糕的一年。
经济学人-综合
But after a brief spike to 13.7% in 2009, the default rate on global high-yield bonds dropped steadily and was just 2.8% in September, according to Moody's, another ratings agency.
A global bond is a bond which is issued in several countries at the same time. It is typically issued by a large multinational corporation or sovereign entity with a high credit rating. By offering the bond to a large number of investors, a global issuance can reduce borrowing cost.