中期国债带有所谓的“息票”。
对那些在美联储存有准备金的机构来说,超额准备金基本上等同于中期国债。
For institutions that can hold reserves at the Fed, excess reserves are essentially equivalent to Treasury bills.
而然,在2%这个点,包含准备金和中期国债的公开市场操作是无效的结论可能仍然是正确的。
However, at that point, it would still be true that open-market operations involving reserves and bills would not matter.
但是,再次长期债券通过流通债券期限结构的改变而对冲这种影响(通过从长期国债转向中期国债)。
But, again, the Treasury could offset this effect by changing the maturity structure of its outstanding debt (by shifting toward bills and away from bonds).
我们都知道,美国债务在中期和长期来说是有问题的,这已经在全世界议论了好几年了。
We all know the medium - and long-term problem with U. s. debt. It's been discussed worldwide over the past few years.
我们都知道,美国债务在中期和长期来说是有问题的,这已经在全世界议论了好几年了。
We all know the medium- and long-term problem with U.S. debt. It's been discussed worldwide over the past few years.
相比之下,中期国库券的回报率为95.3%,高收益率的美国债券回报率为102.2%。
By contrast medium-dated Treasury bonds returned 95.3% and high-yield American bonds 102.2%.
第一种方法,同时也是最近发展趋势,是让美国国债的收益率曲线变陡,提高中期以及长期债券的收益率。
The first and most recent development is the steepening of the U. S. Treasury yield curve and the rise of intermediate and long-term bond yields.
举例来说,Setser先生和他的同事Arpana Pandy推测从2006年中期开始中国30%的美国国债是通过伦敦购买的。
For instance Mr Setser and his colleague, Arpana Pandy, estimate that since mid-2006, China has accounted for around 30% of purchases of American Treasuries though London.
举例来说,Setser先生和他的同事Arpana Pandy推测从2006年中期开始中国30%的美国国债是通过伦敦购买的。
For instance Mr Setser and his colleague, Arpana Pandy, estimate that since mid-2006, China has accounted for around 30% of purchases of American Treasuries though London.
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