US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors
US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors
美国收益曲线不再倒挂:为何这一次经济衰退的情景对投资者来说可能会有所不同
The U.S. Treasury yield curve officially exited its prolonged inversion on Friday, Sept. 6. This marks the end of over two years when short-term yields were higher than those on long-term bonds — a rare and closely watched economic phenomenon.
美国国债收益率曲线于9月6日周五正式退出了长期倒挂的状态。这标志着在长达两年多的时间里,短期收益率高于长期债券收益率的罕见而备受关注的经济现象的结束。
As of Monday, the 10-year Treasury yield stood at 3.72%, with the two-year at 3.65%. That's a spread of 7 basis points (bps). The question now is what this shift means for the economy, markets, and Federal Reserve policy.
截至周一,10年期美国国债收益率为3.72%,而2年期收益率为3.65%。这相差7个基点(bps)。现在的问题是,这种变化对经济、市场和美联储的政策意味着什么。
Why Yield Curve Inversions Matter
为什么倒挂收益率曲线很重要
Under normal conditions, longer-term bonds tend to offer higher yields than shorter-term ones because...
在正常情况下,较长期限的债券往往...
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