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what does this sentence mean, please?

There is no overhang of EM supply the way there is in the securitized/structured credit markets or the HY/Leveraged loan markets.

For learning: Chinese (Mandarin)
Base language: English
Category: Language

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    Best Answer - Chosen by the Asker
    http://www.investopedia.com/terms/m/marketoverhang.asp

    This is a better explanation than I could give.

    证券化/结构化信贷市场或HY/杠杆贷款市场上的EM供应并未过剩。
    (HY和EM是什么东西?能否写下全称?)

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