The effort by Zambia to restructure its debt hit a bump when a deal it had struck with bondholders was rejected by China and France, highlighting the difficulty in getting private and official creditors to agree on debt relief.

赞比券持有人达成的一项协议遭到中国和法国的拒绝，赞比重组务的努力遭遇挫折，这突显出让私人权人和官方权人在务减免上达成一致的难度。

This week regulators in America and Britain gave more details of plans to impose losses on bank bondholders to spare taxpayers the cost of resolving failing lenders.

本周，英美两国的银行监管当局为避免让其纳税人来承担良务，就提高银行券持有人的损失负担一事，进一步交流了该计划的细节问题。

A US treasury and Federal Reserve official added that equity and bondholders with SVB as well as Signature Bank of New York, which is also failed, would be wiped out.

一位美国财政部和美联储官员补充称，硅谷银行以及同样倒闭的纽约的签银行（Signature Bank）的股权和券持有人都将被清除。

America's Treasury Department stopped American banks from facilitating repayment of Russian debt, in effect blocking Russia from reimbursing holders of its bonds.

美国财政部阻止了美国银行为偿还俄罗斯务提供便利，这实际上阻止了俄罗斯偿还其券持有人。

Plus, the FT's Katie Martin tells us why the deal for UBS to buy Credit Suisse is leaving some bondholders high and dry.

此外，《金融时报》的凯蒂·马丁告诉我们，为什么瑞银收购瑞士信贷的交易让一些券持有人陷入困境。

The gulf between the devastation and the rude returns available to bondholders is a stark demonstration of the limits of the asset class.

灾难破坏和券持有人获得的微薄回报之间的鸿沟，鲜明地展示了这一资产类别的局限性。

America's Congress is unlikely to provide official loans to pay off private bondholders, as the Europeans did for Greece.

美国的国会也能像欧洲对希腊那样提供官方贷款来支付私人券持有人。

Argentina defaulted on its debts on Wednesday after a last minute talks with the group of bond holders collapsed.

周三，这些券持有人进行的最后谈话破裂后，阿根廷再次违约。

Holders of " Alternative-Tier 1" bonds issued by Credit Suisse were written off altogether.

瑞士信贷发行的“额外一级”券的持有人被全部注销。

Whereas the additional tier 1 bond holders have been wiped.

而额外 1 级券的持有人已经被抹去。

Instead of paying up, bondholders have reaped vast profits.

券持有人非但没有进行支付，反而获得了巨额利润。

It is hard to fault bondholders for their reluctance to offer reasonably priced protection against new and more unpredictable disasters.

券持有人愿意为新的、更预测的灾难提供价格合理的保护，这是无指摘的。

Typically, bond holders take precedence over shareholders.

通常，券持有人优先于股东。

To the bondholders or creditors, on the other hand, falling prices were clear gain.

——另一方面，对于券持有人或权人来说，价格下跌是明显的收益。

But pension funds are not the only bond holders that may face liquidity issues.

但养老基金并是唯一能面临流动性问题的券持有人。

The two parties have been deadlocked in negotiations over the correct amount due to bondholders.

双方在谈判中就应支付给券持有人的正确金额陷入了僵局。

Although Hamilton could not have envisaged the network of institutions that make up the modern treasury market, he had a keen appreciation for speculators who stepped in to buy treasuries when bondholders lost faith.

尽管汉密尔顿无法预见构成现代国市场的复杂机构网络，但他对那些在券持有人信心丧失时挺身而出购买国的投机者有着深刻的理解。

Whether or not bondholders have listened to the right rumours, if enough of them start selling on the news, Expect the news to change.

无论券持有人是否听到了正确的传言，如果足够多的人开始在消息传出时抛售，预计这些消息会发生变化。

He also proposed having the federal government assume state debt, which would transfer bondholders' loyalty to the federal rather than state governments.

他还提议由联邦政府承担各州的务，这将使券持有人的忠诚从州政府转移到联邦政府。

So bondholders should enjoy their spell in the sun, even if they should not expect it to last all that long.

所以券持有人应该享受这段好时光，即使他们应期望这种好景会长久持续。