With lockdowns in place from Saxony to Sicily, debt issued today is a result not of bad behaviour but of the pandemic.

随着从萨克森到西西里岛等地的禁闭，今天发行的债券不是不良行为的结果，而是受疫情影响的结果。

In the weeks that followed several auctions " tailed" —trader-speak for the auction resulting in debt being issued at a higher yield than expected.

在接下来的几周里，几次拍卖“尾随”——交易员对拍卖表示，导致债券的发行收益率高于预期。