What the yield curve tells us about the US economy
收益率曲線告訴我們什么？
Ben Bernanke, former chair of the Federal Reserve, earlier this week warned against reading the US yield curve, or the difference between short term and longer term Treasury yields, as an indicator of a looming recession. Joe Rennison explains how the shape of the yield curve has changed over the past year, and whether it indicates a forthcoming economic downturn.
本周，美聯儲前主席伯南克警告稱不應將美國收益率曲線作為經濟衰退將近的證據。美國收益率曲線在過去一年中發生了怎樣的變化？它是否真的像人們猜測的那樣，預示著即將到來的經濟衰退呢？