credit default swap market

基本解释

As China suffers a rise in company defaults and an increase in corporate 1 downgrades, the need for a credit default swap 2 market in the country has become more pressing.
中国的企业违约和企业评级下调增多之际，它对信用违约互换（CDS）市场的需要已变得愈发迫切。
The credit-default swap market—estimated at more than $45 trillion—helped fuel the mortgage boom, allowing lenders to spread their risk further and further, thus generating more and more loans.
信用违约置换文书市场，据估计有四千五百亿美元之巨，帮助促成了房屋贷款市场的大膨胀，使得从事贷款的人可以把放款的风险弗远弗及地推得远离自己，因此可以大量地放款。
blog.sina.com.cn
That change is visible in the credit-default-swap market, where the cost of insurance against default is now an appreciable proportion of government-bond yields.
这种变化在信用违约掉期市场非常明显，针对违约行为的保险成本在政府债券收益率中已占到可观的比例。

Widening spreads in the credit default swap market indicate heightened concern about default.
FORBES: The Big Banks
More worrisome is the potential for that action to trigger a real problems in the credit default swap market, causing true chaos.
FORBES: EU Crisis Creates Buying Opportunities In The U.S.
Cuomo has opened a number of investigations into Wall Street, including the auction-rate probes, which continue, as well as activities in the credit default swap market and other signs of alleged fraud.
FORBES: Magazine Article