其次，许多私人部门投资者需要以本币计价的资产，以便与自己的债务匹配；
second, many private-sector investors need assets that match liabilities in their domestic currency;
投资者认为，鉴于私人部门的乏力，这将导致经济进一步走软。
Investors guess that the outcome will be a still weaker economy, given the enfeebled state of the private sector.
投资者可能担心私人部门债务削减完成之前，公共债务提前开始削减。
Investors may worry about the sustainability of public debt long before private-debt reduction is over, forcing a lot of belts to be tightened at once.
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