There was a powerful rally on global bond markets yesterday.

昨天，全球债券市场出现了强劲的反弹。

How would that affect global bond markets?

这将如何影响全球债券市场？

What's been the impact on global bond markets?

对全球债券市场有何影响？

Then last year, the global bond market had its worst year in more than a century.

去年，全球债券市场经历了一个多世纪以来最糟糕的一年。

But after a brief spike to 13.7% in 2009, the default rate on global high-yield bonds dropped steadily and was just 2.8% in September, according to Moody's, another ratings agency.

但据另一家评级机构穆迪的数据表明，，全球垃圾债券的债务违约率在2009年短暂高企13.7%之后，稳步下降;并且9月份仅为2.8%.