观点金融市场

Trump should not take bond investors for granted
特朗普不应忽视债券投资者

It needs only a small reduction in the dollar slice of global reserves to hit prices and raise borrowing costs
马丁:新总统重返椭圆形办公室还不满一个月,他正在破坏长期债券投资者始终看得弥足珍贵的规范。

Markets are giving Donald Trump a pass, a thumbs-up, even. His on-off tariff threats against strategic friends and neighbours this week did unsettle stocks and fluff up the dollar, but investors largely held their nerve. Perhaps they are waiting to see if his action matches his words. Much of the alarm had dissipated even before Trump agreed to delays with Mexico and Canada.

市场正在放过唐纳德•特朗普(Donald Trump),甚至竖起大拇指。本周,他对战略盟友和邻国出尔反尔的关税威胁的确搅动了股市并令美元走高,但投资者基本上保持了镇定。也许他们在等着看他是否会言出必行。甚至在特朗普同意推迟对墨西哥和加拿大加征关税之前,大部分担忧就已经消散了。

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