The index's movement implies a 5% lossrate, pressuring banks to mark down the value of their bonds even though the underlying properties are still generating cash.
该指数的走势显示损失率达5%﹐银行因此被迫减记债券价值﹐尽管房地产本身仍在带来现金收入。
3
The adverse scenario for card losses envisaged in American banks’ stress tests, a cumulative two-year lossrate of 22.5%, looks increasingly like the base case to others.