如果全球储备资金保持现状，大量持有美国长期国库券，美国将不堪重负。
If those reserves were, as today, held largely in Treasury bonds, America would struggle to sustain the burden.
美元、美国长期国债和美国短期国库券一直在世界货币体系中起关键作用。
The dollar and treasury bonds and bills play a central role in the world monetary system.
又如原油价格的急剧变化会导致美国利率的下降，因为沙特阿拉伯和俄罗斯用从原油上赚的钱购买了美国的长期国库券。
Or when steep prices for oil lead, curiously enough, to lower American interest rates, because the money the Saudis and the Russians make from crude is spent on American Treasury bonds.
然后，他们以出借的方式将这些美元交还美国，以换取各种各样的美国借据，包括美国的长期国库券、联邦机构发行的公债以及私营部门的债务（ private-sector debt ）。
They then loan many of those dollars back to the United States in exchange for all manner of American i. o. u. 's, including Treasury bonds, federal agency bonds, and private-sector debt.
然后，他们以出借的方式将这些美元交还美国，以换取各种各样的美国借据，包括美国的长期国库券、联邦机构发行的公债以及私营部门的债务（ private-sector debt ）。
They then loan many of those dollars back to the United States in exchange for all manner of American i. o. u. 's, including Treasury bonds, federal agency bonds, and private-sector debt.
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