Wall Street is obsessing over the US yield curve these days. No wonder. An inverted US yield curve, in which short-term interest rates are higher than long-term ones, is widely seen as an ominous sign of looming recession risks.
华尔街正为美债收益率曲线而困扰。这不奇怪。美国国债收益率曲线倒挂(即短期利率高于长期利率),被普遍视为衰退风险迫在眉睫的预兆。
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