Lego is much less liquid market.

乐高的市场流动性要差得多。

Scared investors often rush into the big and liquid market for US Treasuries, despite anxieties about America's public finances.

惊慌失措的投资者通常奔向规模大流动性强的美国国债市场，仅管对美国的公共财政焦虑不安。

Consequently it is a liquid market, allowing power firms and utilities to manage risk.

因此，它是一个流动性强的市场，允许电力公司和公用事业公司管理风险。

Traditional leveraged loans are arranged by banks before being sold (or " syndicated" ) to dozens of investors, whereas private lending involves just a handful of funds, which usually hold smaller loans to maturity, creating a less liquid and more opaque market.

传统的杠杆贷款由银行安排， 然后出售（或“银团” ）给数十名投资者，而民间借贷只涉及少数基金，这些基金通常持有较小的到期贷款，从而形成流动性较低且更加不透明的市场。