Buying them tends to push up the price; that tends to influence the yield down so it encourages a lower level of interest rate.

买进它们，导致价格上升；,导致参数降低,所以它鼓励一个低的利率水平。

耶鲁公开课 - 金融市场课程节选

Nobody can see the interest rate-- why the interest rate's at the level it is in the market-- because nobody can see all these individuals; but that's why the interest rate gets determined and is in equilibrium.

没有人能知道,为什么市场利率会是现在的结果,因为没有人能知道其他人的想法,但市场利率就是这样确定并达到均衡

耶鲁公开课 - 金融市场课程节选