In testimony to Congress almost exactly 30 years ago, Jay Powell produced a chart. At the time an assistant secretary at the Department of the Treasury, Powell showed that as the federal government had increased bond sales almost every year between 1980 and 1990, the yield on 30-year bonds had continued to drop. That chart still hasn’t changed.
差不多整整30年前，在向国会作证时，杰伊·鲍威尔(Jay Powell)制作了一张图表。当时担任财政部助理部长的鲍威尔指出，1980年至1990年间，联邦政府几乎每年都在增加债券销售，30年期债券的收益率持续下降。这个图表仍然没有改变。
您已阅读7%（466字），剩余93%（6067字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。