If the price of the associated mortgage bond drops, the homeowner can buy the equivalent face value of bonds at a discount, and use it to redeem the existing home mortgage loan.
如果和贷款关联的债券掉价，业主就能以低价购进等量面值的债券并用之冲抵现有的贷款。
2
Italian, Portuguese and Greek government debt trades at spreads of at least one percentage point above equivalent German 10-year bonds, the highest since the euro was created in 1999.