And what does it mean when we say that we are paying through the nose?

当我们说我们正在用鼻子付钱时，这意味着什么？

I'm really hoping this whole thing blows over by that (laughter), otherwise I'm going to be paying through the nose.

我真的希望这整件事能因此而平息（笑声），否则我将付出高昂的代价。

Companies seldom hedge interest-rate risks, meaning that they now find themselves paying through the nose—the yield-to-maturity of one index of leveraged loans has leapt to almost 10% (see chart 1).

公司很少对冲利率风险，这意味着他们现在发现自己付出了高昂的代价——一项杠杆贷款指数的到期收益率已跃升至近 10%（见图 1）。