It could also, if broadly adopted, vest unprecedented power in the hands of its issuer.

如果广泛使用，发行者还能得到前所未有的权力。

As the issuer of the currency, the federal government can never run out of money.

作为货币的发行者，联邦政府永远不会。

Fortunately, at least some issuers seem prepared to give a helping hand.

运的是，至少有些发行机构似乎准备伸出援手。

Issuers hope to cover themselves against low-probability outcomes with costs that could overwhelm them.

巨灾债券发行希望为低概率事件给自己保险，这些事件带来的损失可能是他们无法承受的。

They include bars of gold stamped with the name of the issuer.

其中包括印有发行者名字的金条。

Credit-card issuers in turn use miles to lure customers with bonuses.

信用卡发卡机构反过来用里程来吸引顾。

" There are hundreds upon hundreds of issuers. You spread that risk around, because defaults do happen."

“有成千上百为发行，你分散了风险，因为违约确实会发生。”

Mr Momtaz found that not only did issuers systematically overplay their tokens' prospects but that investors fell for it.

蒙塔兹发现，不仅发行者系统性地夸大了代币的前景，而且投资者也上当了。

That allows issuers to take advantage of growing optimism about their prospects to reissue bonds at lower interest.

这就允许债券发放者利用自身发展前景的看好势头，以较低利率重新发放贷款.

On top of this, investors are now demanding enormous returns in exchange for protecting issuers against losses from secondary perils.

除此之外，投资者现在要求获得巨额回报，作为保护发行免受次级危险所造成损失的交换条件。

Your cash flow continues as long as the issuer doesn't go bankrupt.

只要发行不破产， 您的现金流就会继续。

" There is a lot of basic blocking and tackling that can't get done, and that will impact a number of issuers."

“有大量基本的障碍和问题都得不到解决，许多发行方都会因此受到影响。”

A life insurance company would, in effect, become an issuer of bonds redeemable on fixed dates.

实际上，寿保险公司将成为可在固定日期赎回的债券的发行。

Puerto Rico is the third-largest issuer of state and local debt in the United States. Only California and New York have more debt.

波多黎各是美国第三大州级和地方债发行者，比该州债务更多的只有加州和纽约。

On July 4th the bank said it would " tilt" its corporate-bond buying towards issuers " with better climate performance" .

7 月 4 日，该银行表示将向“气候表现更好”的发行“倾斜”公司债券购买。

Or is Starbucks is going to be - I don't know - the you big credit card issuer that happens to sell coffee?

或者星巴克将成为——我不知道——碰巧销售咖啡的大型信用卡发卡机构？

On the other hand, if the company hits hard times (and high-yield issuers are by definition more risky), the bond could fall quite sharply in price.

另一方面，如果企业遭遇困难期(高收益的债权理论上来说也就风险更大)，债券的价格会巨幅下降.

It was already clear that the allegiances of rating agencies—beholden to both investors in and issuers of debt—had been stretched beyond a healthy limit.

很明显，评级机构对投资者和债务发行的忠诚度已超出了健康的限度。

These are securities that protect issuers, mostly insurers and governments, from severe losses in the event of a natural disaster by paying out when certain conditions are met.

巨灾债券是保护发行（主要是保险公司和政府）在发生自然灾害时免受严重损失的证券，当满足某些条件时（购买持有债券的）支付（利息或部分本金）。

Bausch Health, a health-care provider, gave up the ghost on September 30th, taking the default rate for high-yield issuers to its highest since June 2020.

医疗保健提供商 Bausch Health 在 9 月 30 日放弃了鬼魂，使高收益发行的违约率达到 2020 年 6 月以来的最高水平。