One is that people expected interest rates to go up and, so there's also another effect pushing interest rates up.

一方面人们预计利率上升,这是另一种推动利率上扬的因素

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and the important point is that when people anticipate loss, we didn't see the same scale of activation in this region.

重要的是，当人们预计会亏钱时，我们在这一区域并没有看到之前的那种活动。

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