Treasury bonds, unlike corporates or municipals, can't gain from an improving economy; if interest rates rise, Treasurys will get hammered.

美国国债不同于公司债或市政债券，无法从经济好转中获利；如果利率上调，国债将遭受打击。

youdao

One of the biggest lessons I've learned over the past 25 years is that markets usually don't get hammered for the same reason more than once.

我在过去25年里获得的最重要的一个经验就是，市场通常不会由于同样的原因而再次遭受重创。

youdao

One of the biggest lessons I've learned over the past 25 years is that markets usually don't get hammered for the same reason more than once.

我在过去25年里获得的最重要的一个经验就是，市场通常不会由于同样的原因而再次遭受重创。

youdao