Investors in European junk bonds have begun accepting interest payments that are lower than eurozone inflation levels for the first time ever, in the latest sign that central banks’ crisis-era debt purchases have shifted the balance between risk and reward.
欧洲垃圾债券的投资者开始接受低于欧元区通胀水平的利息支付,这是有史以来头一回,并且是各大央行的危机时期购债操作改变风险与回报之间平衡的最新迹象。
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