假设投资者可以用其他国家的国库券来代替本国的债券那么收益率的影响也不会发生。

If investors were able to substitute Treasuries with comparable bonds from other countries the effect should have ended there.

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并称，如果“(日本国债)收益率持续上升……致该国主权债务处于更不利的地位”，惠誉将考虑将日本列入负面观察名单。

Fitch added that it would consider putting the country on negative watch if a "sustained rise in [Japanese Government Bond] yields... worsened the sovereign's debt dynamics."

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当日本国债收益率于90年代末跌至1 - 2%时，许多人都认为它被高估了[3]。

Many people thought Japanese bonds were overpriced when yields fell to 1-2% in the late 1990s.

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