The mounting pressure on bond markets
債券市場壓力持續加大
For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt
近一代人以來,各國政府在試圖出售長期債務時,第一次開始經常遇到投資者的抵制。
Auctions of government bonds are usually so routine that they generate little attention. But Japan’s sale of 20-year debt last month was an exception.
政府債券的拍賣通常都是例行公事,鮮少引發關注。但日本上個月發行的20年期國債卻是個例外。
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